KUALA LUMPUR: The government is looking at having a clear scorecard focused on high-quality investment and incentives to align with the New Industrial...
Liew says the aim of the initiative is to ensure that incentivised companies do not need to constantly justify their contributions to Malaysia’s innovation, technology development, and R&D efforts. – Bernama filepicThe government is looking at having a clear scorecard focused on high-quality investment and incentives to align with the New Industrial Master Plan 2030 , said Deputy Investment, Trade and Industry Minister Liew Chin Tong.
The aim of this initiative, he explained, is to ensure that incentivised companies do not need to constantly justify their contributions to Malaysian innovation, technology development, and R&D efforts. However, he said, government-linked investment corporations and government-linked corporations mostly shy away from manufacturing.
For Malaysia to be like South Korea through the second takeoff, Liew said, the country must grow Malaysian technology companies, starting with MSMEs, and especially mid-tier companies that are owning their technologies or adapting technologies innovatively.
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