Tuesday, March 11, 2008

Penang government

The state government is seeking for a greater say in the decision-making process to attract foreign direct investments (FDIs).

have more authority in the granting of incentives to attract FDI, the issuance of business licences, and the implementation of infrastructure projects.

On top of attractive incentives, cutting down the red tape for obtaining business licences, speed up the implementation of essential logistics projects, and further reduce custom clearance time for goods coming in and going out to help multinational corporations in Penang to operate cost-effectively.

review and implement projects in the Northern Corridor Economic Region (NCER) that were designed with economic progress in mind and implement only those projects in the NCER that meet the needs of the .

mention by Malaysian Institute of Economic Research (Mier) senior research fellow Shankaran Nambiar in http://biz.thestar.com.my/news/story.asp?file=/2008/3/11/business/20601107&sec=business

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