PM Datuk Seri Najb Tun Razak said the government is considering tax deductions for contributions toward environment funds (green technology) and for designing buildings that work harmoniously with nature. Details of these incentives will be revealed during the 2011 Budget. (NST)
The reluctant of commercial banks to give loans for green technology-related projects could be due to the lack of confidence in such ventures. PM Datuk Seri Najib Tun Razak said: “In a way, I understand because many of the requests are quite developmental in nature in the sense the technology is not proven yet, so the risk factor is much higher.” (The Star)
The federal government has agreed to set aside a special fund to implement all development projects in Sabah and Sarawak. The total allocation will be determined later, according to an officer of the PM’s Department. (Bernama)
Deputy Minister of International Trade and Industry Datuk Mukhriz Mahathir said: "Even if the ringgit is strong, our exports are still very strong. We've been extremely encouraged by our trade figures in 1Q. The market forces will decide on the ringgit movement. “ (Bernama)
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