KUALA LUMPUR: The introduction of a two per cent tax on dividend income exceeding RM100,000 for individuals, along with the broader coverage of the Sales and Services Tax (SST), effectively and gradually increases the government's tax revenue streams.
Bursa Malaysia, in a statement, said it can be channelled into developmental areas and help maintain Malaysia's fiscal position.
"I am heartened that Budget 2025 places a renewed emphasis on environmental and social action," Bursa chairman Tan Sri Abdul Wahid Omar said.
"The introduction of a carbon tax on the steel and energy industries by 2026, aimed at encouraging the adoption of low-carbon technologies, is a significant step towards reducing our country's carbon footprint.
"The nation's focus is further demonstrated by the allocation of over RM300 million for the National Energy Transition Facilitation Fund and RM1 billion for the Green Technology Financing Scheme until 2026, accelerating the renewable energy agenda," he added.
The allocation of RM250 million towards the Ecological Fiscal Transfer (EFT) underscored the government's commitment to persevering national biodiversity.
The stock exchange said these initiatives reflect a strong commitment to sustainable development - focusing on low carbon economy, renewable energy and environmental protection.
"We are also hopeful that the multi-faceted incentives under Budget 2025 can drive business growth as the various initiatives cover human capital development and digital adoption.
"Bursa Malaysia will continue on our efforts to encourage and support listed companies to grow and focus on performance (including having at least 30 per cent women on the board of public listed companies, creating value for shareholders and contributing to the nation," said.