Govt relaxes conditions for companies approved with incentives

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MIDA said this is part of proactive measures undertaken by the government to continue Malaysia’s economic revitalisation efforts.

MIDA said this is part of proactive measures undertaken by the government to continue Malaysia’s economic revitalisation efforts by facilitating investments and restoring investors’ confidence.

However, it said with the implementation of this relaxation mechanism, a company might be considered for certain relaxations on achieving the approved thresholds or meeting the implementation timeline of their approved projects, subject to compliance of identified criteria set by the government.

 

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