Explore key sectors, investment incentives, and regulatory frameworks shaping Malaysia's industrial landscape.
Malaysia Industry Policy
2024-10-15
Category: Government
Frequency: Daily
Explore key sectors, investment incentives, and regulatory frameworks shaping Malaysia's industrial landscape
Date | Category | Details |
---|---|---|
10 Oct, 2024 | Property | The Selangor state government will exempt property developers from development charges for projects of several affordable housing schemes, including Rumah Idaman and Rumah Selangorku Harapan, effective January 2025. |
9 Oct, 2024 | Poultry | Malaysia's government is considering removing subsidies for eggs. |
9 Oct, 2024 | Electricity | Malaysia is set to transition away from coal power, with coal-fired generation being gradually phased out and no new coal plants in the pipeline. |
3 Oct, 2024 | Financial | The Sarawak government is considering consolidating its state assets, businesses and investment arms and newly set-up RM8 billion Sarawak Sovereign Wealth and Future Fund (SSWFF), under one entity. |
1 Oct, 2024 | Transport | MyJPJ app users will soon be required to use MyDigital ID for logins. Logins via MyDigital ID will be implemented on Oct 10. The plan has been scrapped on 4 October 2024/ |
26 Sep, 2024 | Rubber | The government is considering rehabilitating 420,000 hectares (ha) of abandoned rubber estates by converting them into commercial bamboo plantations. |
23 Sep, 2024 | Financial | Securities Commission Malaysia (SC) has outlined several conditions for single family office vehicles (SFOVs) to be eligible for the recently announced 0% concessionary tax rate. 1) Assets under management (AUM) of at least RM30 million. 2) Meet minimum local investment in eligible and promoted investments of at least 10% of its total AUM or RM10 million, whichever is lower 3) The SFOV must be established and operate a registered office in Pulau 1, Forest City, in Johor. 4) The SFOV must spend operating expenditure (opex) locally at a minimum of RM500,000 annually, and employ at least two full-time employees of whom at least one is an investment professional, with a minimum monthly salary of RM10,000. |
20 Sep, 2024 | Tax | The government launched the Forest City Special Financial Zone (SFZ). 1) Special income tax rate of 15 per cent for skilled workers and multiple entry visas. 2) Zero per cent tax rate for family wealth offices 3) Concessionary corporate tax rate between zero and five per cent to attract global business services, financial technology, and foreign payment system operators to set up there. |
12 Sep, 2024 | Subsidy | The federal government on Thursday agreed to increase the interim special grant for Sabah and Sarawak from RM300 million to RM600 million starting 2025. |
30 Aug, 2024 | Financial | Public listed companies (PLCs) will no longer be allowed to hold virtual-only general meetings beginning March 1, 2025, |
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