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The government is committed to encouraging more
FDI by providing tax exemptions and the latest is,
the liberalisation of 27 sub-sectors of the
services industry, says Mukhriz
Incentives to attract foreign direct investment (FDI)
into Malaysia is expected to be among the
highlights of the upcoming Budget 2010.
"It has always been our role to provide whatever
necessary incentives to encourage the entry of FDI
into the country," Deputy International Trade and
Industry Minister, Datuk Mukhriz Mahathir said in
Kuala Lumpur.
"We are after all competing with other countries
particularly in the region, for investments. I
cannot disclose though what are the specific
incentives in the new budget.
"But, be assured, we will ensure continuity in
being competitive as an investment destination,"
he added.
Mukhriz said the government is committed to
encourage more FDI providing tax exemptions and
the latest is, the liberalisation of 27
sub-sectors of the services industry.
"As to what specific new incentives the new budget
has, it depends very much on the Prime Minister,
Datuk Seri Mohd Najib Razak," he added.
Commenting on the new National Automotive Policy
(NAP), he said the Ministry of International Trade
and Industry is expected to announce details of
the review soon.
"We are seeking a balance between imports and
locally produced cars and of course, Proton is our
main concern. Whatever it is, we will take into
consideration and the interest of all parties," he
said.
He also said this ini response to a question as to
whether Proton would be the only one to have the
national car status under the NAP review.
As the country's economy is directly linked to
trading globally, Mukhriz said there was a need to
uplift the local automotive industry, so that it
provides a balance.
"When there is a downturn, we will be impacted
directly. Therefore, by uplifting the automotive
industry, we can balance off our trading
activities," he said.
-- Bernama 21/10/2009 |
