KUALA LUMPUR, Feb. 5 -- Bagan MP Lim Guan Eng has urged the government to introduce additional tax reliefs and enforce local procurement requirements to ease economic pressures on Malaysia's struggling middle class and small businesses.
Speaking in Parliament today, he warned that rising living costs, economic uncertainty, and global trade tensions are "pushing the M40 group and SMEs to the brink."
Among his proposals is an additional RM10,000 tax relief for SMEs and RM5,000 for individual taxpayers, which he says will help ease financial burdens and stimulate growth.
"We need to ensure that economic gains are shared fairly, not just concentrated among the few," he said while debating the King's speech in the Dewan Rakyat, pointing out t...