Green Incentives in 2010 budget

Green is the way to go for the Malaysian government! The new budget tabled by the Finance Minister who is also the Prime Minister on Friday offers the following incentives to promote green technology:

• Stamp duty exemption for buyers of buildings with Green Building Index certificates
• Tax exemption equivalent to the additional capital expenditure to obtain Green Building Index certificates from Oct 24 this year to Dec 31, 2014
• RM1.5 billion soft loan for companies using green technology
• RM20 million to intensify awareness on green activities
• Putrajaya and Cyberjaya to be developed as pioneer townships in green technology 

I think the budget is good for starters. It should spur developers to build environment friendly residential homes and offices. Entrepreneurs will now be encouraged to create more sustainable businesses.

So folks in Putrajaya and Cyberjaya, buckle up!You must be ready to set the trend and become green pioneers in the Green Revolution.