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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); ....

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Malaysia continues to be preferred investment destination, says Tengku Zafrul

KUALA LUMPUR (Bernama) Both international and domestic business communities have remained committed to Malaysia due to the country’s strengths and potential, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
Despite the COVID-19 pandemic, he said many international companies and multinational corporations have started establishing vendor development programmes and supply chain management initiatives, together with local companies and suppliers.
Over the years, these local suppliers became large manufacturers in their own right, and quite a few are now listed in our stock exchange, providing employment opportunities for our local talents,” the minister shared in his latest LinkedIn post today. ....

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Malaysia continues to be preferred investment destination, says Finance Minister | Money

Monday, 11 Jan 2021 10:52 PM MYT
Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz delivers a speech during Credit Guarantee Corporation Malaysia Bhd’s 25th Financial Institution and SME Awards in Kuala Lumpur September 28, 2020. Bernama pic
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KUALA LUMPUR, Jan 11 Both international and domestic business communities have remained committed to Malaysia due to the country’s strengths and potential, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
Despite the Covid-19 pandemic, he said many international companies and multinational corporations have started establishing vendor development programmes and supply chain management initiatives, together with local companies and suppliers. ....

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