So it’s been exactly one week since Prime Minister Datuk Seri Najib Razak tabled the National Budget 2014 in Parliament. There I was, sitting in the newsroom listening to him speaking and enjoying the attention he was getting.
There is also the cut in subsidy for sugar. It’s going to cost substantially more now so we won’t be a diabetic nation. But it is guaranteed that every other food product in the market will increase in price too.
There is also the increase in the income tax bracket and also the abolishment people having to file their tax returns. So it really looks like Budget 2014 is trying very hard to address the country’s fiscal deficit.
That’s what everyone is focusing on and it’s all good and well. But I think I’ll choose to highlight something else. If you notice, the Prime Minister announced all kinds of incentives for the Bumiputeras and the Indian community.
And guess what? Hardly any incentives were announced for the Chinese community. Actually, there was nothing. [Click to read the full article at The Malaysian Insider]