Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) are set to enhance domestic direct investments (DDIs) and support local vendors in strategic sectors like electrical and electronics, digital economy, and aerospace. Minister Tengku Zafrul Abdul Aziz announced that DDI will be a Key Performance Indicator under the new Madani Economy framework, which aims to address economic challenges exacerbated by the pandemic. Key initiatives include establishing a special financial zone in Johor, a RM100 million allocation for greener infrastructure, and RM1 billion to support startups and SMEs. The government also plans to implement tax incentives for firms creating high-income jobs.
Also available in 'Daily Express', 'New Straits Times', 'The Borneo Post Sabah'.GLCS, GLICS TO SPUR DOMESTIC INVESTMENTS
Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) are set to enhance domestic direct investments (DDIs) and support local vendors in strategic sectors like electrical and electronics, digital economy, and aerospace. Minister Tengku Zafrul Abdul Aziz announced that DDI will be a Key Performance Indicator under the new Madani Economy framework, which aims to address economic challenges exacerbated by the pandemic. Key initiatives include establishing a special financial zone in Johor, a RM100 million allocation for greener infrastructure, and RM1 billion to support startups and SMEs. The government also plans to implement tax incentives for firms creating high-income jobs.
Also available in 'Daily Express', 'New Straits Times', 'The Borneo Post Sabah'.
