Quick Budget 2025 Summary. Belanjawan 2025

1. 🏗️ Construction

• Focus on flood mitigation projects (RTB), including Sungai Kelantan Phase 2 and Sungai Damansara.

• Major infrastructure projects: Penang LRT, RTS Johor-Singapore, and affordable housing developments.

• RM50M allocated for upgrading public infrastructure in flood-affected areas.

2. 🎰 Gaming

• No direct mention, but tax and fiscal reforms could impact consumer spending in the sector.

3. 🏥 Healthcare

• RM253M allocated to upgrade hospitals in Tawau, Sabah, and Miri, Sarawak.

• Expansion of public-private partnerships for high-demand medical services (e.g., cardiology).

• More funding for mobile clinics and rural healthcare services.

4. 🏢 REITs

• Property tax relief extended for affordable housing projects, which may impact REITs focused on residential properties.

• Potential benefits from infrastructure investments and government support for digitalization in property management.

5. 🌿 Plantations

• Collaboration with large plantation companies (KLK, IOI, Sime Darby) to adopt smallholders as part of sustainability programs.

• Strong focus on ESG (Environmental, Social, Governance) compliance in the industry.

6. 🏘️ Property

• RM7K tax relief for first-time homebuyers on loans up to RM500K.

• RM1.2M for maintenance and upgrading of public housing facilities.

• Continued support for affordable housing projects under Sejati MADANI.

7. 💻 Technology

• RM1B National Fund-of-Funds to boost venture capital for technology startups.

• Tax incentives for high-value tech activities like AI, robotics, and semiconductors (IC design).

• RM50M for SME digitalization initiatives.

8. 📡 Telecommunications

• 2nd 5G network to be announced, with a focus on industrial 5G use cases.

• RM120M to improve internet access in schools, public institutions, and military camps.

9. 🚄 Transport

• Key projects: RTS Johor-Singapore (operational by 2027) and expansion of highways (PLUS widening).

• Continued support for electric vehicle (EV) adoption, with tax incentives and infrastructure development.

10. ⚡ Utilities

• Investment in renewable energy projects, including solar hybrids and green hydrogen.

• RM100M for solar and hydrogen energy projects in Terengganu.

• Increased focus on ESG compliance and sustainability within utilities