Excerpt From 2012 PM Najib Budget on ‘Abandoned Housing Projects/Failed Residential Projects’ (Bernama News)

From Bernama News at http://www.bernama.com/bernama/v5/newsbusiness.php?id=618413 (accessed on 9 October, 2011)

Wide-Ranging Perks To Strengthen Domestic Economy In 2012 Budget

Prime Minister Datuk Seri Najib Tun Razak when tabling 2012 Budget in Parliament today…. KUALA LUMPUR, Oct 7 (Bernama) — Prime Minister Datuk Seri Najib Tun Razak today unveiled the 2012 Budget, providing a gamut of incentives to further strengthen the domestic economy, a RM6 billion special stimulus package, perks to attract investments and boost the Islamic sukuk market, banking, finance and hospitality industries, as well as much-awaited support for small-and medium- scale enterprises.

He said the government will continue its noble efforts of rehabilitating abandoned housing schemes with an allocation of RM63 million to revive 1,270 abandoned houses besides RM40 million apportioned for restoration and maintenance of public and private low-cost housing.

— BERNAMA (emphasis added).

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