: The investment implementation rate is close to 80 per cent for the period from 2018 to June 2023.said out of the total investment approvals of RM753.9 billion in the manufacturing and services sector, up to RM593.5 billion or 78.7 per cent had been realised during the period.
“Of the total approvals, up to RM593.5 billion or 78.7 per cent of the total investment approved during the period had been realised. The investment implementation rate for that period is close to 80 per cent,“ he said when winding up the debate on the Supply Bill 2024 for the ministry in the Dewan Rakyat today.
“The JTPPP which had been convened for the first time on Oct 16, 2023 was chaired by me. The second meeting will be held tomorrow. He said the establishment of the JTPPP is an administrative reform initiative, expressing the government's commitment in an effort to 'translate plans into action' while also supporting the role of the National Investment Council , which is an investment-related council at the highest level of the country.
He said various incentives have been introduced and implemented by the government which not only aims to attract investment in electric vehicles but also to benefit the people.“For direct taxes, the government offers income tax exemptions through the Pioneer Status Incentive or Investment Tax Allowance of up to 100 per cent for a period of up to 10 years to encourage investment in the production of EVs and related critical components such as batteries, motors and others.
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