PUTRAJAYA: The unveiling of Budget 2013 continues to spearhead the Economic Transformation Programme (ETP) by providing a framework that provides the impetus needed to achieve the nation’s transformation agenda of becoming a high-income nation by 2020.

The focus on debt market instruments in the proposed Budget 2013 is expected to boost the growth of the Malaysian debt market, said capital market players including bankers and fund managers.

KUALA LUMPUR, Sept 29 (Bernama) -- The Budget 2013 addresses critical areas of focus that will build Bursa Malaysia's competitiveness, its Chief Executive Officer, Datuk Tajuddin Atan said.

Most of the 2013 Budget's initiatives for the capital markets are focused on spurring the sukuk market further.

Most of the 2013 Budget's initiatives for the capital markets are focused on spurring the Islamic bond (sukuk) market further, a positive move as Malaysia looks to solidify its global dominance in this area, industry observers and players said.

THE Securities Commission (SC) will provide a framework on the issuance of AgroSukuk for companies engaged in the agriculture sector to further stimulate the capital and equity market.

Insentif pengurangan cukai yang ditawarkan kepada syarikat menerbitkan bon dan sukuk runcit dan AgroSukuk dijangka merancakkan lagi pasaran bon dan sukuk tempatan, demikian mengikut peserta pasaran.