GREATER KUALA LUMPUR, THE HEART OF A REGIONAL HUB
He was responding to a question from Senator Datuk Koh Nai Kwong on the investment track record from overseas visits.
Liew also highlighted an ongoing transformation at the Malaysian Investment Development Authority (MIDA).
“This is to ensure that MIDA is not only the national investment promotion agency, but also more importantly, strengthens monitoring of approved investments,” he said.
The goal is to ensure investor compliance and maximise economic spillover effects in line with the New Investment Incentive Framework.
The ministry is also drafting the Industrial Development Bill and enhancing the MIDA Act.
These legal changes aim to improve effectiveness in monitoring investments and ensuring benefits to local industries. – Bernama
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