2016 Budget recalibration a good start to the year, says Vincent Tan

The recalibrated 2016 Budget announced by Prime Minister Datuk Seri Najib Razak is a good start to the year for the country, Berjaya Group Bhd founder Tan Sri Vincent Tan said.

He said the local and international community had reacted very positively as demonstrated by the immediate strengthening of the ringgit and the strong gain in the stock market today.

"On the whole, the revised budget is very positive, enabling the government to save billions and at the same time addressing the rakyat's needs," he said in a statement here, Friday.

The measure to be taken under the recalibrated budget showed that the prime minister is proactive in dealing with the economic challenges that not only faced by Malaysia, but on a global scale, he added.

READ: 5 things Malaysians need to know about the revised 2016 Budget

He said the measures announced also addressed the immediate concerns of our economy and were definitely welcomed to ensure that Malaysia's economy remained strong and that the welfare of rakyat safeguarded.