Malaysia - Investment Performance 2011 - Malaysian Industrial ...

• On-line application for submission
of application forms to MIDA.
Submissions cover all aspects relating
to applications for manufacturing
licence, incentives, expatriate
posts and duty exemption on raw
materials, components machinery
and equipment;
• Automatic issuance of Manufacturing
Licence to facilitate submission
of applications for manufacturing
licence. It covers all industries and
activities except for those related to
security, safety, health, environment,
religion, projects located in Sabah
and Sarawak, activities subject to
Environmental Impact Assessment
(EIA) approval from DOE and
projects requiring approval under the
Petroleum Development Act (PDA)/
Ministry of Health (MOH)/Atomic
Energy Licensing Board (AELB);
• Approving and monitoring of the
Infrastructure Development Fund
by MIDA with the main objective
to assist the State Government
to upgrade and improve basic
infrastructure in existing industrial
estates; and
• Improvements by the Special
Task Force to Facilitate Business
(PEMuDAH) to enhance transparency
and strengthen processes and
procedures:
- Reducing the time taken for
clearance of exports to facilitate
trade;
- Reducing the time taken for
property registration through
improvement of processes and
enabling on-line applications for
property registration;
- Improvements in tax administration;
- Facilitating e–Payments;
- Establishing a one–stop centre
to expedite incorporation of
companies; and
- Improving the processes for
employing expatriates and skilled
workers.
Based on the Labour Department’s
records, a total of 22 companies had
downsized their operations, which
resulted in the retrenchment of 1,794
workers. In addition, 14 companies
had ceased operation, resulting in the
loss of jobs for 1,400 workers. The
main reasons cited for closures were,
declining market demand, increasing
costs of production and financial
problems.
At the same time, a total of 305 projects
had commenced production in 2011
resulting in the creation of 33,558
job opportunities. These projects
will provide alternative employment
opportunities for the 3,194 workers
who were retrenched or lost their jobs
during the same period.
Malaysia - investMent PerforMance 2011
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