Past Events

28 Nov’15 – The 2016 Budget and Economic Outlook

the 2016 budget and economic outlook

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Penang Institute, the public policy think tank of the Penang state government, is proud to host a public forum entitled ‘The 2016 Budget and Economic Outlook’.

Date: 28 November 2015 -Saturday
Time: 9am – 12pm (Registration at 8.30am)
Venue: Level 9, Wembley 7, St Giles Wembley Hotel, Penang

The Malaysian Federal Budget is an annual framework of strategic measures, which is aimed at improving quality of life of Malaysians and sustaining economic development at large. The 2016 Budget was announced on 23rd October 2015. It described programs/policies meant to alleviate economic welfare of its people. Nevertheless, with the depreciation of Ringgit, the outlook for 2016 seems challenging.

Since the announcement and approval of the Malaysian Federal Budget 2016, many questions had been raised. Among the questions raised include: –

  • How would the business community and households benefit (or not) from the 2016 Malaysian Budget?
  • Does this budget address current socio-economic issues in Malaysia, and if it does not, what are the alternative solutions?
  • Would Malaysia face a better 2016?

Come join us for a discussion on the impact of the 2016 Budget on Malaysia’s and Penang’s economy. Let us discuss on developments that might affect Penang’s and Malaysia’s business environment and investment climate; and perhaps the forum could serve as a platform for business leaders, entrepreneurs and investors with an economic outlook of Malaysia and Penang in particular as well as its future challenges and opportunities in 2016.

8.30 am – Registration
9.00 am – Welcoming Speech by Dr. Lim Kim-Hwa, CEO and Head of Economic Studies, Penang Institute
9.05 am – Opening Speech by YB Prof. Dr. Ramasamy Palanisamy, Deputy Chief Minister II, Penang
9.20 am – Presentation by Economics Team of Penang Institute
                   Dr. Lim Chee Han, Mr. Tim Niklas Schoepp, Ms. Ong Wooi Leng
9.50 am –  Refreshment
10.00 am -Forum moderated by Dr. Lim Kim-Hwa, Penang Institute


  1. Dr. Yeah Kim Leng – Dean, School of Business Malaysia University of Science and Technology (MUST) & External Member of the Monetary Policy Committee Bank Negara Malaysia
  2. Mr. Ooi Kok Seng – Partner-in-charge KPMG Penang
  3. Dato’ Steven CM Wong – Deputy Chief Executive, Institute of Strategic and International Studies (ISIS)

11.30 am –  Q & A Session
12.00 pm –  Closing remarks by Mr. Tim Niklas Schoepp, Senior Executive Officer, Penang Institute
12.05 pm –  Lunch and Adjournment

Admission is FREE and registration is on a first come first serve basis. Kindly register your interest below. For further enquiries, please contact the secretariat at 04- 228 3306 or email to