Malaysia legislation
Section 8
of MALAYSIAN INDUSTRIAL DEVELOPMENT AUTHORITY (INCORPORATION) (AMENDMENT) ACT 2011
Section 8
The principal Act is amended by substituting for section 6
the following section:
Quoted provision
Section 6
It shall be the functions of the Authority to promote investments in the manufacturing and services sectors
(excluding financial and utilities) and to advise the Minister on the formulation of policies in respect thereof and for that purpose, the Authority may—
(a)
lead, co-ordinate, monitor and evaluate the implementation of the policies, strategies, activities and development of investment in the manufacturing and services sectors
(excluding financial and utilities);
(b)
undertake activities relating to the promotion of investment in the manufacturing and services sectors (excluding financial and utilities) within or outside Malaysia;
(c)
undertake or cause to be undertaken research and planning on matters relating to investment in the manufacturing and services sectors (excluding financial and utilities);
Malaysian Industrial Development Authority
(Incorporation) (Amendment)
(d)
advise the Government on the policies relating to the promotion of investment in the manufacturing and services sectors (excluding financial and utilities)
including policies on—
(i)
the granting of manufacturing licences;
(ii)
the incentives applicable to investors in
Malaysia;
(iii)
expatriate posts;
(iv)
the imposition or alteration of, and exemption from, custom duties; and
(v)
any other fiscal or non-fiscal facilities;
(e)
formulate measures for the promotion of investment in the manufacturing and services sectors (excluding financial and utilities);
(f)
co-ordinate and facilitate the activities relating to the promotion and implementation of investment in the manufacturing and services sectors (excluding financial and utilities) at the Federal and State levels;
(g)
provide consultancy services including training and technical assistance;
(h)
undertake any activity that promotes co-operation with other countries in line with the objectives of the Government with respect to investment in the manufacturing and services sectors (excluding financial and utilities);
(i)
assist Malaysian companies in seeking technology and investment opportunities abroad;
(j)
act as a centre for collection, reference and dissemination of information relating to investment across all sectors of the economy;
(k)
report periodically to the Minister on the progress and problems of investment in the manufacturing and services sectors (excluding financial and utilities) in
Malaysia and make recommendations on the manner in which such problems may be dealt with;
(l)
carry out any other functions consistent with this Act as the Minister may authorize in writing; and
(m)
generally do all such matters incidental to or consequential upon the exercise of its powers or the performance of its functions under this Act.”.
Amendment of section 6a