Tax Breaks for Malaysia’s Forest City Financial Zone with Incentives for Global Businesses To attract new business and talent, Malaysia has introduced various tax breaks for the Forest City Financial Zone. This zone is part of the larger smart city project in Johor (near the Singapore border). Forest City Financial Zone is a futuristic urban…
The First Half of 2024 Sees Malaysia Approving Up to RM160 Billion Worth of Investments From January to June 2024 (1H 2024), Malaysia approved RM160 billion in investments. This is equivalent to an 18% year-over-year increase across the services, manufacturing, and primary sectors. The statement was made official by the Malaysian Investment Development Authority (MIDA).…
Malaysia’s Government Rams Up Measures to Strengthen Its Business-Friendly Ecosystem Malaysia’s government is ramping up its ongoing efforts to create a business-friendly ecosystem in the country with initiatives aimed at showcasing the effectiveness of the MADANI policies. The MADANI Economy framework is the government’s blueprint for building a more equitable socio-economic landscape, increasing incomes, lowering…
Malaysia’s Journey to Becoming a Leading Healthcare Destination by 2025 Malaysia is making huge leaps in its goal to become a premier healthcare destination by 2025. The Malaysian Healthcare Travel Council (MHTC) recently reported a marked increase in the number of health tourists. Similarly, figures show that the healthcare tourism sector generated RM2.25 billion in…
Economic Pact Between China and Malaysia Gets Five Years Renewal Malaysia and China have decided to extend their five-year agreement to cooperate in trade and the economy. During a trip to Malaysia, Chinese Premier Li Qiang signed an economic pact to strengthen diplomatic ties between the two nations as they commemorate 50 years of diplomatic…
Cross Border SEZ Between Singapore and Malaysia Reaches Agreement The first cross-border SEZ (special economic zone) in Southeast Asia is on the brink of development, with Malaysia and Singapore anticipating a surge in new investment and a boost to economic growth. At a recent conference in Kuala Lumpur, Economy Minister Rafizi Ramli, representing Malaysia in…