Malaysia poised to get more foreign investors thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
17 Mar 2021 / 09:31 H.
PETALING JAYA: The Malaysian Investment Development Authority (Mida) and UMW Corp Sdn Bhd have entered into a memorandum of understanding (MoU) to further drive high-value quality investments into the country, by capitalising on each other’s capabilities and strengths to explore potential key areas of collaboration to attract investments that would create value to the nation’s economy.
In a joint statement, the parties said the investments include mobility, aerospace, machinery and equipment, manufacturing and engineering, talent training, research and development as well as industrial land development.
“The MoU will be a stepping stone to accelerate innovative and high-value industry stakeholders, including the UMW Group, to seize opportunities arising from the technology revolution in the new norm,” it said.
Wednesday, 17 Mar 2021 07:35 PM MYT
BY KEERTAN AYAMANY
A man watches a live telecast of Prime Minister Tan Sri Muhyiddin Yassin s speech in Kuala Lumpur January 12, 2020. Picture by Miera Zulyana
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KUALA LUMPUR, March 17 Prime Minister Tan Sri Muhyiddin Yassin today announced five initiatives under the Strategic Programme to Empower the People and Economy (Pemerkasa) aimed at making Malaysia’s economy more competitive globally.
Muhyiddin said the initiatives would primarily increase foreign investments, strengthen global trade, boost digital technology adaptation and ensure sustainable growth.
“The 10th initiative is to strengthen the business environment. For that, the government through the Business Facilitation Special Task Force or Pemudah is always committed to make sure agile regulation is implemented to encourage domestic business reinvestment,” he said.
Published on: Thursday, March 11, 2021
By: Bernama
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Kuala Lumpur: The government will introduce a new national investment policy to attract more high-quality investors as the country moves towards a high-income nation, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said.
He said a working paper on the proposed policy has been approved and endorsed by the Economic Action Council (EAC) and will be presented to the Cabinet within this month.
“After long deliberations and engagement with Bank Negara Malaysia, the Ministry of Finance (MoF) and the Malaysian Investment Development Authority (Mida), we thought it is timely for us to introduce this new investment policy.
Tourism players: Allow interstate travel so we can survive thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.