MCA's Budget 2016 wish


KUALA LUMPUR - MCA will seek more funds for the development of Chinese education and new villages under Budget 2016.

Its president Datuk Seri Liow Tiong Lai said the party would also focus on providing assistance to those in the lower income and the disabled community.

He said healthcare, vocational training, public security and the small- and medium-seized enterprise (SME) sector were also among the issues the party was concerned about.

"MCA will ensure that it is a Budget for all races that would stimulate the country's economic growth," he said at the opening of a Budget 2016 workshop at Wisma MCA here yesterday.

The workshop, which was attended by representatives from the Chinese associations, trade industries and guilds, was to gather input and suggestions for the Budget. The outcome would be submitted to the Finance Ministry.

Liow said MCA would stress on ways to improve good governance, the government delivery systems, accountability in the managing of public funds, transparency in the administration and professionalism.

He said Malaysia moved up from the labour intensive market and should build its strength on human capital and high technology.

He said the country - which had transformed into industrial and servicing economy had entered another stage of development.

"Today, our strength is on human capital, high technology, finance, servicing investments and our open policies," he said, adding that Malaysia should no longer compete on labour intensive sector with other ASEAN countries like Indonesia and Vietnam.

Liow was also optimistic about the country's economy, saying international rating agencies such as the Standard and Poor's, Fitch Rating and Moody's Investors Service had given positive ratings on Malaysia's economy.

Although the ringgit took a sharp plunge recently, Liow believed that the situation would improve.

"The government has to introduce a series of strategies in Budget 2016 to stimulate the economy," he added.