Gov't lifts all manufacturing curbs to woo foreign investors
The government has lifted all export and equity curbs on foreign participation in manufacturing to woo investment amid stiff regional competition, Trade Minister Rafidah Aziz said today.
Foreign investors can take 100 percent equity in new manufacturing projects with immediate effect, irrespective of their export level, Rafidah told reporters.
"We are now able to challenge the other countries vying for foreign investment having that criteria," she said.
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