Page 158 - Malaysia Baharu 2018

MALAYSIAN ECONOMY The Government proposes to provide tax incentive to companies which
produces environmentallyfriendly plastics based on bio-resin and biopolymer
materials.

~ Pioneer Status incentive of 70%.
~ Investment tax allowance of 60%.

Green Technology Financing Scheme (GTFS) (RM2 billion).

~ To incentivise investments in green technology.
~ The Government will subsidise the interest cost by 2% for 5 years.

BPMB will provide a Sustainable Development Financing Fund (RM1 billion).

~ To support Agenda 2030 for Sustainable Development.
~ The Government will provide an interest subsidy of 2% as an incentive.

PROVISION FOR ENFORCEMENT AGENCIES AND CIVIL SERVANTS.
The Government is allocating (RM286.8 million) to the Malaysia Anti-
Corruption Commission (MACC).

~ For its operating expenses.
~ The labour resources will be increased by 100 personnel to ensure that the

MACC has all the necessary resources and manpower to combat corruption in
both private and public sector.
The Government is giving a bonus of RM500 for grades 54 civil servants and
below.
For Government pensioners, a bonus of RM250 will be paid.

156