The Malaysian Investment Development Authority (MIDA) will set up a new unit called the Project Acceleration and Coordination Unit (PACU) to facilitate the approval process and speed up the implementation of approved manufacturing projects.
Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali, in a statement today, said under the unit, the manufacturing licence approval process for non-sensitive industries will be shortened to just two business days.
Besides that, Azmin said the ministry was confident that the tax and investment incentives outlined in the National Economic Recovery Plan (PENJANA) would boost domestic and foreign investment, as well as attract multinational companies to relocate their operations to Malaysia.
He said the tax exemption incentives were expected to attract more investment and create new high-tech job opportunities.
The government yesterday announced a full 10-year exemption for new capital investments ranging from RM300 million to RM500 million, while investments in properties exceeding RM500 million will enjoy a full tax exemption for 15 years.
A Special Reinvestment Allowance Incentive will be provided for the years of assessment 2020 and 2021.
Hence, Azmin said the Ministry of International Trade and Industry (MITI) welcomed the implementation of 40 initiatives under PENJANA as announced by Prime Minister Tan Sri Muhyiddin Yassin.
"MITI is confident that the new recovery plan along with the easing of the Movement Control Order (MCO) will provide a shift to drive and revitalise the country's economy while ensuring a complete economic recovery," Azmin said.
On the the extension of the RM5 billion Wage Subsidy Programme with an allocation of RM600 per worker, he said:
"The wage subsidies introduced under the previous economic stimulus package has been well received by workers and employers and has saved over 2.2 million jobs.
"With the reopening of almost all industries and more than 12 million workers have resumed work, the extension of the programme would continue to help workers."
On the introduction of incentives ranging from RM600 to RM1,000 to employers offering jobs to the unemployed and trainees, he said this will ensure that the benefits provided will be enjoyed by various sectors of the society.
Azmin said tax exemption for the purchase of information and communication technology (ICT) hardware would encourage the private sector to remain productive and resilient, even while working from home.
"This will further enhance the use of technology in the work process, and further the government's desire to inculcate digitisation in the business community and economy," he said.
He said PENJANA also offers a number of advantages as the country's key economic catalysts, including SMEs, mid-tier companies (MTCs), social enterprises and start-ups.
As for an allocation of RM100 million for the National Technology and Innovation Sandbox, he said this will be a catalyst for rapid start-up growth in the country, he added.
"A special financial assistance of RM500 million for Perbadanan Usahawan Nasional Bhd and Majlis Amanah Rakyat is in line with efforts to strengthen Bumiputera's involvement and sustanability in business and entrepreneurship," he said.
-- BERNAMA
Bernama
Sat Jun 06 2020
![PACU to facilitate approvals, speed up implementation of manufacturing projects - Azmin PACU to facilitate approvals, speed up implementation of manufacturing projects - Azmin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-06/51591249079_AzminAli.jpg)
Azmin said the ministry was confident that the tax and investment incentives outlined in the National Economic Recovery Plan (PENJANA) would boost domestic and foreign investment. - Filepic/BERNAMA
![PRK Nenggiri: PN ada peluang menang, tapi jangan over-confident - Muhyiddin PRK Nenggiri: PN ada peluang menang, tapi jangan over-confident - Muhyiddin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/51713678198_MuhyiddinYassin.jpg)
PRK Nenggiri: "PN ada peluang menang, tapi jangan over-confident" - Muhyiddin
Muhyiddin optimis dengan kemenangan calon PN, Mohd Rizwadi Ismail sekali gus mempertahankan kerusi DUN Nenggiri.
![Ahli ekonomi yakin pertumbuhan KDNK sekitar 5.8 peratus pada suku kedua 2024 Ahli ekonomi yakin pertumbuhan KDNK sekitar 5.8 peratus pada suku kedua 2024](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/81717305735_EkonomiMalaysia.jpg)
Ahli ekonomi yakin pertumbuhan KDNK sekitar 5.8 peratus pada suku kedua 2024
Kalangan ahli ekonomi yakin KDNK Malaysia bagi suku kedua 2024 akan berkembang pada 5.8 peratus berbanding 4.2 peratus pada suku pertama tahun ini.
AWANI Pagi: Berita tumpuan & menarik di astroawani.com [15 Ogos 2024]
Antara fokus AWANI Pagi bersama Nursyazwani Saiful Sham dan Afiezy Azaman
- Mayat lelaki di jambatan Klang dipercayai YouTuber Nidza Afham
- BNM denda Maybank, CIMB kerana gangguan perkhidmatan berpanjangan
- JIWA SME: Inovasi kuih sejuk beku jadi kudapan jemaah tunai umrah
#AWANInews #AWANIpagi
- Mayat lelaki di jambatan Klang dipercayai YouTuber Nidza Afham
- BNM denda Maybank, CIMB kerana gangguan perkhidmatan berpanjangan
- JIWA SME: Inovasi kuih sejuk beku jadi kudapan jemaah tunai umrah
#AWANInews #AWANIpagi
![Cisco akan kurangkan 7 peratus tenaga kerja globalnya Cisco akan kurangkan 7 peratus tenaga kerja globalnya](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/41723681507_Ciscologo.jpg)
Cisco akan kurangkan 7 peratus tenaga kerja globalnya
Langkah mengurangkan kakitangan itu dijangka melibatkan kos pra-cukai sehingga AS$1 bilion.
Jiwa SME: Kuih tradisonal sejuk beku 'diterbangkan' ke Tanah Suci
Inovasi pembuatan makanan sejuk beku, terutama kuih muih tradisional telah berjaya membawa produk itu ke peringkat global, terutama dalam memenuhi citarasa jemaah haji dan umrah rakyat Malaysia di Tanah Suci Mekah dan Madinah.
![Gol sulung Mbappe bantu Real Madrid juarai Piala Super UEFA Gol sulung Mbappe bantu Real Madrid juarai Piala Super UEFA](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723679998_KylianMbappe.jpg)
Gol sulung Mbappe bantu Real Madrid juarai Piala Super UEFA
"Ia adalah malam yang hebat. Ia adalah detik yang hebat untuk saya. Dan kami memenangi kejuaraan, yang penting - di Madrid anda perlu sentiasa menang."
![“I love you Am, bahagialah di syurga firdausi” - Aufahanie “I love you Am, bahagialah di syurga firdausi” - Aufahanie](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/51723679258_AufahanieNidzaAfh.jpg)
“I love you Am, bahagialah di syurga firdausi” - Aufahanie
Air mata Aufahanie sudah kering meratapi pemergian abang tercinta, Nidza Afham yang ditemui meninggal dunia selepas dilaporkan hilang.
Konsert jelajah: Taylor Swift teruskan konsert London selepas ancaman keganasan
Taylor Swift akan meneruskan persembahan di London pada Khamis, meneruskan jelajah konsert terbesar dunia di tengah-tengah kebimbangan keselamatan susulan cubaan serangan Daesh memaksa pembatalan tarikh konsert di Vienna, minggu lalu.
Taliban rai ulang tahun ketiga pemerintahan Afghanistan
Kerajaan Taliban semalam meraikan ulang tahun ketiga pemerintahannya di Afghanistan dengan perarakan tentera yang memberi penghormatan kepada bom buatan sendiri yang digunakan ketika peperangan, pesawat pejuang dan perbarisan pasukan keselamatan.
![Bapa bintang bola sepak Sepanyol, Lamine Yamal ditikam - Laporan Bapa bintang bola sepak Sepanyol, Lamine Yamal ditikam - Laporan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-08/61723677980_MounirNasraoui.jpg)
Bapa bintang bola sepak Sepanyol, Lamine Yamal ditikam - Laporan
Mounir Nasraoui, bapa kepada Lamine Yamal, ditikam pada lewat Rabu di tempat letak kereta di bandar Mataro di timur laut Sepanyol.
![Polis panggil Mohamed Azmin bantu siasatan berhubung pendedahan maklumat Polis panggil Mohamed Azmin bantu siasatan berhubung pendedahan maklumat](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/51715942833_AzminAli.jpg)
Polis panggil Mohamed Azmin bantu siasatan berhubung pendedahan maklumat
Ketua Polis Selangor Datuk Hussein Omar Khan berkata rakaman keterangan itu, bagi membantu siasatan di bawah Seksyen 203A Kanun Keseksaan iaitu pendedahan maklumat.
![Amirudin cabar Azmin jadi 'anak jantan', hadir beri keterangan Amirudin cabar Azmin jadi 'anak jantan', hadir beri keterangan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/71716276606_AmirudinShari.jpg)
Amirudin cabar Azmin jadi 'anak jantan', hadir beri keterangan
Menteri Besar Selangor, Datuk Seri Amirudin Shari mencabar Datuk Seri Mohamed Azmin Ali supaya memberi keterangan di Ibu Pejabat Polis Daerah Shah Alam.
![Saya sebut nama Deepak kerana ada gambar - Mohamed Azmin Saya sebut nama Deepak kerana ada gambar - Mohamed Azmin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/61715942100_AzminAli.jpg)
Saya sebut nama Deepak kerana ada gambar - Mohamed Azmin
Mohamed Azmin memberitahu Mahkamah Tinggi hari ini beliau menyebut nama Deepak dalam ucapannya tahun lepas kerana terdapat foto ahli perniagaan itu bersama-sama seorang menteri dalam pesawat.
![Filem Lee Chong Wei satukan Tun M, Azmin Filem Lee Chong Wei satukan Tun M, Azmin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/51715828713_SyedSaddiqbuku.jpg)
Filem Lee Chong Wei satukan Tun M, Azmin
Kedua-duanya ketika itu mempunyai beberapa isu berkenaan darjah kebesaran Dr Mahathir ditarik balik dan gesaan Azmin dilantik menjadi PM.
![Buku Syed Saddiq singkap ada gerakan cadang lantik Azmin Ali jadi PM pada 2018 Buku Syed Saddiq singkap ada gerakan cadang lantik Azmin Ali jadi PM pada 2018](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/71715827234_SyedSaddiqbukuj.jpg)
Buku Syed Saddiq singkap ada gerakan cadang lantik Azmin Ali jadi PM pada 2018
Beliau yang pada ketika itu pegawai kepada Dr Mahathir cuba menjadi orang tengah untuk mendamaikan kedua-dua pemimpin tersebut.
![Ucapan Azmin bersifat jahat dan memfitnah beliau dan abangnya - Saksi Ucapan Azmin bersifat jahat dan memfitnah beliau dan abangnya - Saksi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/61715615986_DeepakJaikishan.jpg)
Ucapan Azmin bersifat jahat dan memfitnah beliau dan abangnya - Saksi
Ahli perniagaan, Deepak Jaikishan, berkata kenyataan Mohamed Azmin dalam ceramah politiknya pada 11 Mac 2023, adalah bersifat jahat yang memfitnahnya dan nama abangnya.
![Faizal Azumu nafi kenyataan tular isu calon PM Faizal Azumu nafi kenyataan tular isu calon PM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/71715424764_FaizalAzumu.jpg)
Faizal Azumu nafi kenyataan tular isu calon PM
Bersatu menafikan kenyataan yang tular berhubung isu melibatkan perbincangan calon Perdana Menteri pada Pilihan Raya Umum ke-16 (PRU16).
![PRK Kuala Kubu Baharu: Pengundi tentukan kemenangan, bukan Tun M - Azmin PRK Kuala Kubu Baharu: Pengundi tentukan kemenangan, bukan Tun M - Azmin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/71714277700_TBazmin.jpg)
PRK Kuala Kubu Baharu: Pengundi tentukan kemenangan, bukan Tun M - Azmin
Kemenangan DAP dalam PRK Kuala Kubu Baharu hanya akan ditentukan oleh pengundi dan bukannya bekas Perdana Menteri, Tun Dr Mahathir Mohamad.
![Bersatu Tanjong Karang digantung Bersatu Tanjong Karang digantung](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/71712117819_PRIBUMI.jpg)
Bersatu Tanjong Karang digantung
Bersatu Tanjong Karang digantung susulan ketua bahagiannya menyatakan sokongan kepada Perdana Menteri, Datuk Seri Anwar Ibrahim.
![Kutipan hasil Selangor dijangka meningkat RM100 juta mulai tahun depan - MB Kutipan hasil Selangor dijangka meningkat RM100 juta mulai tahun depan - MB](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-11/41699939432_AmirudinShari.jpg)
Kutipan hasil Selangor dijangka meningkat RM100 juta mulai tahun depan - MB
Kerajaan Selangor menjangkakan kutipan hasil negeri tersebut meningkat sekitar RM100 juta selepas memperkenalkan tiga langkah baharu.