Malaysia legislation
Section 7
Section 7
Subject to section 23, the Council shall perform the following functions:
(a)
to establish directions, policies, strategies and initiatives in relation to the development within the East Coast Economic
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Region and the implementation of the East Coast Economic
Region Master Plan;
(b)
to promote, stimulate, facilitate, coordinate, evaluate and review any development in the East Coast Economic
Region carried out by any Government entity, or body or person, whether local or foreign, and participate in the development of the East Coast Economic Region, including—
(i)
economic development such as tourism, and agricultural development including the modernization, diversification and commercialization of the agricultural sector;
(ii)
industrial and commercial development such as the oil and gas and petrochemical industry, manufacturing and other trade and higher value-added activities and new industries;
(iii)
social development such as public health and the development of health and medical facilities and the advancement of art, and cultural, sports and recreational activities;
(iv)
human resource development such as the development of public education and educational facilities, including vocational and technical institutions and centres of excellence for research, teaching and training; and
(v)
infrastructural development such as the development of investment and logistics centre, duty free area, residential area and public amenities, and property development;
(c)
to plan, phase, coordinate, and evaluate and review the activities carried out by any Government entity, or body or person, whether local or foreign, in the East Coast
Economic Region which the Council thinks are of strategic
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national importance or are in the national interest in furtherance of the objectives of the Council;
(d)
to implement strategies and initiatives for the development of trade and marketing in the East Coast Economic Region;
(e)
to provide advisory and consultancy services relating to investments or potential investments in the East Coast
Economic Region including—
(i)
to advise any Government entity on incentives applicable to investors;
(ii)
to directly or indirectly approach any investor or potential investor, whether local or foreign, in order to promote private sector investment in the East Coast
Economic Region; and
(iii)
to develop and review criteria for incentives which are directly and exclusively managed and administered by the Council as approved by the Federal Government, from time to time, to be applicable to investors in the
East Coast Economic Region, and to process and evaluate the grant of such incentives to eligible investors;
(f)
to identify the necessary skills for the maintenance and expansion of the economy of the East Coast Economic
Region and develop strategies and initiatives for ensuring that those skills are developed and maintained;
(g)
to integrate scientific and technological research and its commercial exploitation within the economic framework of the East Coast Economic Region;
(h)
to conduct inquiries, carry out surveys, and collate and analyse information, statistics and factors influencing or relevant to development, business or investment in the East
Coast Economic Region, and to publish and disseminate such information, statistics and factors to any Government
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entity, body, person and investor or potential investor, whether local or foreign;
(i)
to establish policies, direction, strategies and initiatives in relation to sustainable development, including environmental protection, management and conservation in the East Coast Economic Region; and
(j)
to do all things as are expedient, advantageous or necessary for, or incidental, supplemental or consequential to, the performance of the functions of the Council and the proper and effective administration of the Council in furtherance of the objectives of the Council and the better carrying out of the purposes of this Act.
Powers of Council