Friday, October 15, 2010

Budget 2011 Highlight

Below are the salient points as tweeted by the PM's office:
* 1Malaysia Development Fund Bhd (1MDB) will provide RM20 million to the 1Malaysia Youth Fund. This fund will be utilised to instill the 1Malaysia spirit.
* To assist children, particularly from low-income families, excel academically, the 1MDB will provide multi-vitamins for primary school pupils.
* RM1.9 billion allocated to environmental preservation, including implementing the River of Life Programme and KL greening.
* RM70 million allocated for programs with select NGOs to help the government strengthen the family institution and address social ills e.g. baby dumping.
* RM350 million allocated to implement various programmes to combat crime, including burglary, motorcycle and car thefts.
* The government will provide an additional 25 1Malaysia clinics. Since 2009, 51 1Malaysia clinics are in operation.
* RM15.2 billion allocated to build new hospitals, increase the number of doctors and nurses as well as to obtain supplies of medicines and equipment.
* Toll rates in four highways owned by Plus Expressway Bhd will not be raised for the next five years, effective immediately.
* RM100 million allocated to implement various programmes, including resolving Orang Asli land rights and border settlement issues.
* The monthly allowance for KAFA teachers will be increased to RM800, an increase from RM500, starting January 2011.
* Effective January 2011, the monthly allowance of imam will be increased from RM450 to RM750.
*Allowances for JKKK, JKKP, JKKK Orang Asli chairmen and Tok Batin increased to RM800.
* Government to establish a 1Malaysia Smart Consumer portal to help the rakyat keep abreast with price movements of retail goods.
* RM974 million allocated as price subsidy for paddy, fertilisers and paddy seeds. RM230 million for production incentives and increasing paddy yield.
* Build and upgrade rural roads in Sabah and Sarawak with an allocation of RM2.1 billion and RM696 million in Peninsular Malaysia.
* RM2.1 billion allocated to build and upgrade rural roads in Sabah and Sarawak.
* RM6.9 billion allocated to implement basic infrastructure such as water and electricity supply as well as rural roads.
* First-time house buyers will be given stamp duty exemption of 50% on instruments of transfer on a house price not exceeding RM350,000.
* Government will extend tax relief of up to RM5,000 to help parents with expenses such as daycare, caretakers and other daily needs.
* Government will launch assistance programme to benefit 80,000 disabled individuals with an allocation of RM218 million
* In 2011, the government will allocate RM1.2 billion to the Ministry of Women, Family and Community Development.
* To develop football, the government will establish a Football Academy in Pahang with RM20 million to produce quality football players.
* For sports development and management, a sum of RM365 million is allocated to the Ministry of Youth and Sports.
* Government will allow flexibility to self-determine fully-paid maternity leave, not exceeding 90 days from the current 60 days.
* Government will provide 40 1Malaysia Taska (nurseries) to assist women to obtain quality childcare and early education for their children.
* RM30 million allocated to introduce the Single Mother Skill Incubator Programme and the Prime Entrepreneur and Women Activist Award.
* Government will enforce basic minimum wages for security guards, to between RM500 and RM700 a month depending on location.
* RM200 million from the Human Resource Development Fund to be used by companies to fund specific training programmes for their employees.
* RM200 million allocated to conduct part-time training in the evenings and weekends in selected training centres nationwide.
* 1Malaysia Training Programme will commence in January 2011 with an allocation of RM500 million.
* RM474 million provided to enhance productivity and skills of non-graduates.
* Government will also allocate RM50 million to Multimedia Development Corporation to train graduates in ICT.
* RM60 million allocated to further intensify the Industrial Skill Enhancement Programme in State Skills Development Training Centres.
* RM20 million allocated to increase PhD qualified academic staff to 75% in research universities and to 60% in other higher learning institutions.
* RM213 million allocated to enhance proficiency in Bahasa Malaysia, strengthen the English language.

* RM576 million allocated in the form of scholarships for those wishing to further their studies.

* RM250 million allocated for development expenditure to schools: religious, Chinese-type, Tamil national, missionary and government-assisted.

* The government will also strengthen the curriculum and appoint 800 pre-school graduate teachers.

* Government will increase pre-school enrolment rate to a targeted 72% by end-2011 through an additional 1,700.

* RM213 million is allocated to reward high-performance schools.

* RM6.4 billion is allocated for development expenditure to build and upgrade schools, hostels, facilities and equipment.

* Government will establish a Talent Corporation under the Prime Minister’s Office in early 2011.

* RM29.3 billion allocated for Ministry of Education, RM10.2 billionn for Ministry of Higher Education and RM627 million for Ministry of Human Resources.

* The government proposes that the rate of service tax be increased from 5% to 6%.
* RM200 million is allocated to purchase creative products such as high quality locally-produced films, dramas and documentaries.

* For Sarawak Corridor of Renewable Energy, RM93 million is allocated for facilities.

* RM178 million is allocated for the East Coast Economic Region projects.

* RM133 million is allocated for the Northern Corridor Economic Region.

* For Iskandar Malaysia, a sum of RM339 million is allocated.

* Corridor and regional development will be accelerated. The government has allocated RM850 million for infrastructure support.

* The Government proposes that sales tax be exempted on all types of mobile phones.

* Import duty and sales tax exemption on broadband equipment are also extended for two years until 2012.

* Multimedia Development Corridor programme allocated RM119 million. Focus is on creating an innovative digital economy.

* RM127 million to be allocated to support domestic oleo derivatives companies and RM23.3 million to expand downstream palm oil industries.

* Measures include encouraging replanting activity to replace aged trees with high quality new clones through RM297 million.

* In efforts to propel the palm oil and related products industry, several measures will be implemented.

* The government proposes that import duty on approximately 300 goods preferred by tourists and locals, at 5% to 30% be abolished.

* To support the tourism industry, the government will allocate RM100 million.

* RM3 billion eco-nature resort Nexus Karambunai, Sabah, to commence 2011.

* Infrastructure facilities to be allocated RM85 million to facilitate construction of hotels and resorts in remote areas.

* The government allocates RM3.8bn in 2011 to increase productivity and generate higher returns in the agriculture sector.

* The government will implement the Programme on Blending of Biofuels with Petroleum Diesel (B5 Programme) in June 2011.

* Malaysia is committed to reducing carbon emission intensity to preserve the environment.

* Tax exemption on income from trading of Certified Emission Reductions certificate to extend until year of assessment 2012.

* Hundred percent import duty and excise exemption for hybrid vehicles. To further encourage ownership of hybrid cars, import duty and excise duty exemption will be extended until Dec 31, 2011.

* The government is committed to develop green technology to ensure sustainable development.

* The government will allocate RM146 million to support the oil, gas and energy industry.

* A sum of RM857 million is allocated for local E&E companies to compete at the international level.

* Existing income tax relief of up to RM6,000 for employees contributions to EPF will extend to Private Pension Fund contributions.

* To revitalise capital market activities, the government will launch a Private Pension Fund in 2011.

* The Malaysian Technology Development Corporation will be provided a start-up fund amounting to RM100 million to provide soft loans.

*The government will provide Entrepreneurship Enhancement Training Programme to train 500 technopreneurs and attract more angel investors.

* Efforts will be taken to strengthen Malaysia's position as a premier Islamic capital market.

* The government will implement bold measures to revitalise the domestic capital market.

* A new landmark, Warisan Merdeka, expected to be completed in 2020, will include a 100-storey tower, the tallest in Malaysia.

* Another major project is the development of the Malaysian Rubber Board land in Sungai Buloh covering an area of 2,680 acres.

* Greater KL MRT to be implemented from 2011. When complete, public transport utilisation rate expected to rise to at least 40%.

* Another PPP project identified is the Academic Medical Centre. This project involves private investment of RM2 billion.

* Development of International Islamic University Malaysia Teaching hospital in Kuantan; Women and Children's hospital.

* Construction of a 300-megawatt Combined-Cycle Gas Power Plant in Kimanis, Sabah.

* Construction of highways such as the Ampang-Cheras-Pandan Elevated Highway.


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