Explore key sectors, investment incentives, and regulatory frameworks shaping Malaysia's industrial landscape.
Malaysia Industry Policy
2024-04-23
Category: Government
Frequency: Daily
Discover the comprehensive Malaysia Industry Policy Database, offering insights into the nation's economic strategies. Explore key sectors, investment incentives, and regulatory frameworks shaping Malaysia's industrial landscape
| Date | Category | Details |
|---|---|---|
| 15 Apr, 2024 | Electricity | Malaysia has set up its very own energy exchange, Energy Exchange Malaysia (Enegem), for cross-border trading of green electricity, which will commence with a pilot auction to export 100 megawatts (MW) to Singapore using existing infrastructure. |
| 27 Mar, 2024 | Highway | Toll rates for 11 highways have been restructured to flat rates until the end of their respective concession period. |
| 27 Mar, 2024 | Transport | Puspakom monopoly to undertake all mandatory inspections of commercial and private vehicles has ended. From June 2024, those looking to provide vehicle inspection services can apply for a licence from the Road Transport Department (JPJ). Each vehicle inspection service providers (VISPs) will be initially allowed to operate at two locations – one at an urban area and another in a rural area. VISPs would be required to have at least RM10mil paid-up capital and RM5mil working capital to ensure business sustainability. |
| 20 Mar, 2024 | Transport | The Railway Assets Corporation (RAC), which is responsible for managing the country's railway assets, is set to embark on extensive land development projects outside of Kuala Lumpur in collaboration with property companies. RAC announced 10 new railway land locations across Penang, Johor, Selangor, Kuala Lumpur, Perlis and Kelantan, totaling 149.51 hectares, offering significant development potential of more than RM2 billion. |
| 10 Mar, 2024 | Transport | Cabotage policy exemption brings an end. Foreign ships are allowed to undertake undersea cable repairs locally. |
| 29 Feb, 2024 | Property | The government plans to set up Bumiputera Land Corporation (Perbadanan Tanah Bumiputera) to preserve land ownership. If the lease size exceeds 50 acres (20.23 hectares) for agricultural land or 20 acres for industrial use, the proposal calls for 20% of the land to be handed back to the government upon lease renewal. |
| 26 Feb, 2024 | Financial | Malaysia’s stock exchange operator and regulator on Monday jointly pledged to cut approval time to three months for both Main Market and ACE Market listings. |
| 5 Feb, 2024 | Financial | The Securities Commission Malaysia (SC) has announced an expansion of sophisticated investor categories. Key features of the expansion include the introduction of a "Knowledge and Experience" category, considering the knowledge and experience of sophisticated investors. Additionally, enhancements to current categories offer flexibility in existing financial thresholds for high net worth individuals. The new "Knowledge and Experience" category accommodates individuals who may not meet financial tests but can demonstrate financial knowledge sophistication to engage in relevant market offerings. This category assesses potential investors based on their education, recognised financial association membership, and practical experience in sectors such as banking, capital markets, or insurance. Another crucial change is the inclusion of an investor's primary residence value, capped at RM1 million, in assessing their qualification as a sophisticated investor. |
| 26 Jan, 2024 | Renewable Energy | The government will soon open up bids for Malaysia’s fifth large-scale solar (LSS5) photovoltaic programme, with a quota of up to 2GW of which a developer can bid for up to 500MW. The program is opened on 1 Apr 2024 |
| 26 Jan, 2024 | Renewable Energy | The government has announced an additional quota of 400MW under the net energy metering programme for household, commercial and industrial (C&I) segments from Feb 5 to Dec 31, 2024. This comprises 100MW for the household segment (under NEM Rakyat), and another 300MW for the C&I segment (under NEM Nova). |
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