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Govt relaxes conditions for companies approved with incentives under purview of Mida | Malay Mail

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KUALA LUMPUR, April 6 — The government has agreed to provide certain relaxation of conditions to manufacturing and services companies that have been approved with incentives under the purview of the Malaysian Investment Development Authority (Mida). Mida said this is part of proactive measures...

Tuesday, 06 Apr 2021 02:27 PM MYT

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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