CIMB Group’s Budget 2025 Commentary

18 October 2024

To be attributed to Novan Amirudin, Group Chief Executive Officer of CIMB Group

We laud the Government’s bold move to creatively expand the tax base by introducing carbon and dividend taxes and expanding the scope of SST. This, alongside the reduction of blanket subsidies, enhanced support for MSMEs, and implementation of strategic blueprints like the NETR, NIMP and JSSEZ will give the Government more firepower to spend as needed to boost our economy, pursue shared prosperity and further spur foreign direct investments (“FDIs”).

Novan Amirudin, Group Chief Executive Officer of CIMB Group

CIMB Group’s Budget 2025 Commentary

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