Budget Briefing with YB Senator Tengku Dato’ Sri Zafrul Tengku Abdul Aziz

AMCHAM held an exclusive members-only discussion with the Minister of Finance, YB Senator Tengku Dato’ Sri Zafrul Tengku Abdul Aziz on the recently tabled Budget 2021 today. With over 100 members dialling in, the discussion touched on matters impacting U.S. firms and the support needed to grow further their investments in the country. Some areas have already been addressed in Budget 2021 such as a commitment to digitization and support for the up-skilling of talent.

The conversation also touched on the need for new incentive models for reinvestment that would attract cutting edge work that could build upon the established foundations of U.S. companies already present and drive further development of Malaysia’s workforce. Both the Minister and members recognized that greater discussion and collaboration is needed to increase the competitive nature of the country, positioning Malaysia to capture the many opportunities for high-value, technology driven industries.

Due to the very limited time available, it was not possible to address the many questions from all the members but the Ministry is committed to more targeted and focused dialogues in future to address important areas in the investor community.

Special thanks to YB Senator Tengku Dato’ Sri Zafrul Tengku Abdul Aziz for engaging with AMCHAM amidst his busy schedule.