Wednesday, March 11, 2009

Highlights of RM60b stimulus plan


Datuk Seri Najib just annouced our latest stimulus package. these are among my top favourites due to direct exposure to bursa malaysia. The rest i will leave it to economists since i'm not an economist.

# RM10 billion equity investments


# RM1.6 billion fund to promote investments

# To raise state investment firm Khazanah Nasional’s investment funds by RM10 billion

# To improve companies' cashflow, the government proposes that their current year losses be allowed to be carried back to the immediate preceding year. The total losses allowed to be carried back is RM100,000

# RM7 billion private finance initiative and off-budget projects.


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