No new tax measures for corporates, investment community

KUALA LUMPUR: Budget 2020 is not expected to have new tax measures on the corporate sector and investment community, said Finance Minister Lim Guan Eng (pix).

“The government will have to seek fiscal space to prioritise sustainable economic growth. Such expansionary measures may be necessary to provide some fiscal contingency, amid an uncertain global economic environment following the unresolved trade dispute,” he said at the opening of Menara Prudential at the Tun Razak Exchange today.

Prudential has opened its new corporate heard office Menara Prudential at the Tun Razak Exchange with all five of its businesses now located within the same premises.

Developed by IJM Corp Bhd, the new Menara Prudential houses its life insurance business Prudential Assurance Malaysia Bhd, joint-venture takaful business Prudential BSN Takaful Bhd, asset management operations Eastspring Investments Bhd and Eastspring Al-Wara’ Investments Bhd, shared services hub Prudential Services Asia and a walk-in customer retail branch.

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