Better to give incentives for local content, says business group

Business and Finance Business and Finance

Mon, February 10, 2025

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Better to give incentives for local content, says business group

^{Published on 2025-02-09 22:20:57 - MSN}

The Irish Chamber of Commerce Malaysia said a rule requiring local content may make it more difficult to conduct business and create inefficiencies.

The article from MSN discusses the perspective of the Malaysian Employers Federation (MEF) on the government's approach to economic incentives. MEF president Datuk Dr Syed Hussain Syed Husman emphasized that instead of providing broad subsidies, the government should focus on giving incentives that promote local content and value addition. He argued that this strategy would not only help in reducing the country's reliance on imports but also boost local industries, create jobs, and enhance economic resilience. The article highlights the need for a shift in policy to support local businesses more effectively, especially in light of global economic challenges and the need for sustainable economic practices.

Read the Full MSN Article at:
[ https://www.msn.com/en-my/money/economy/better-to-give-incentives-for-local-content-says-business-group/ar-AA1yIlsh ]

N@N

Better to give incentives for local content, says business group