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Page 3 - ப்ராஜெக்ட் விரைவுபடுத்துதல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Our commitment to constructive engagement towards economic recovery

THANK you everyone for your feedback on my previous posting. I have read all of them, and I appreciate the constructive feedback. Without a doubt, Covid-19 has wreaked havoc on all countries and economies. Like other nations, we are also faced with the arduous task of rejuvenating and rebuilding our economy, starting with initiatives introduced through our nation’s short-term economic recovery plan (PENJANA) announced in June 2020. PENJANA has introduced tax and investment incentives such as: 1. 0% tax rate for 10 to 15 years for new investment in manufacturing sectors with capital investment between RM300 million or above;  2. 100% Investment Tax Allowance for 5 years for existing company in Malaysia relocating overseas facilities/segments into Malaysia (extended to 31 December 2022 under Budget 2021);

Higher approved investment forecast for full-year 2020

Saturday, 12 Dec 2020 Also giving the investments a boost was the Malaysian Industrial Development Authority’s (Mida) decision to set up the Project Acceleration and Coordination Unit to provide end-to-end facilitation for all projects approved to enable the timely implementation of investments in the country. KUALA LUMPUR: UOB Malaysia is raising its full-year approved investment forecast for this year to RM138bil after the total investment approvals for January-September surpassed its initial target of RM100bil. Global Economics & Markets Research senior economist Julia Goh said her new target was about 32% higher than the actual investments approved during the global financial crisis in 2009.

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