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News Admin
 
Date
 23/09/2002
News Provider
 Mahamad Rodzi Abdul Ghani
News Source
 NULL
Headline
 Malaysian Prime Minister Budget 2003/04 speech On

20 September, 2002 - Quality environment is an invaluable asset. As thecommunity becomes affluent, the demand for quality environment is greater.A clean environment is the responsibility of everyone. The Governmentencourages the use of bio diesel in an effort to increase utilisation ofrenewable sources of energy which is environment-friendly. Towards this,the Government will grant subsidies to bio diesel as currently given todiesel.

In addition, Pioneer Status and Investment Tax Allowance incentives whichhave been granted for the production of energy utilising biomass as arenewable source of energy, has attracted investments amounting to 331million ringgit. In this respect, I propose these incentives be extendedfor another 3 years until 31 December 2005. Apart from this, I alsopropose that these incentives be extended to include the usage of hydroelectric power of not more than 10 megawatts as well as to solar energy.


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