Malaysia’s ETP eases business with Singapore
Singapore has been playing a big role in Malaysia’s recent foreign investment spike. As of September 2010, there are 75 approved Singapore-backed projects worth a total of US$1.134 billion.
Malaysian Minister of International Trade & Industry, Mustapa Mohamed and Minister Idris Jala spoke to about 400 corporate leaders at the Forbes Asia breakfast meeting, in partnership with the Singapore Business Federation (SBF). Both the ministers and SBF chairman Tony Chew drew attention to the immediate cross-border benefits of Malaysia’s Economic Transformation Programme (ETP), and reassured investors that the Malaysian government remained fully committed to liberalization.
Under the ETP, restrictions on advertising for international recruits and 10 year position term limits have been repealed, and passport/visa processes have been streamlined for workers on both sides of the border.
source & article: pemandu.gov.my
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