The State Government will be presented with a final proposal to develop Sabah’s first Free Zone (FZ) for the East Coast to attract foreign investors, expedite economic growth and strengthen the State’s regional influence
Sabah govt to look into formation of state palm oil board, says Deputy CM 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.
Published on: Saturday, December 12, 2020
By: Bernama
FMT pic.
Kuala Lumpur: Revocation of the cabotage exemption that allows foreign vessels to conduct undersea cable repairs in Malaysian waters might scare foreign investors away from investing in telecommunications and internet infrastructure in Malaysia, according to a research analyst.
Amanda Yeo of EMIR Research feared this could happen despite the fact that the government will triple the bandwidth capacity of the Sistem Kabel Rakyat Malaysia (SKRM) submarine cable linking West and East Malaysia.
“This is especially prominent in Sabah, a Malaysian state with a relatively higher cost of living as the cabotage policy was implemented in Sabah and Sarawak for a whole range of foreign goods and services, not just undersea cable repairs prior to 2017,” she said.
Analyst: Removal of cabotage exemption may scare foreign telcos investors | Daily Express Online dailyexpress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexpress.com.my Daily Mail and Mail on Sunday newspapers.