Ensure clear definition of ‘value’ when assessing new investments, govt urged

Free Malaysia Today

Economist Geoffrey Williams points out that while gig work is considered low value, it has created more jobs than data centres, which are said to be high value.   Read More:  https://www.freemalaysiatoday.com/category/nation/2025/02/21/ensure-clear-definition-of-value-when-assessing-new-investments-govt-urged/   Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/02/21/tetap-takrifan-jelas-nilai-ketika-semak-pelaburan-baharu-kerajaan-digesa/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #NewInvestmentIncentiveFramework #LiewChinTong

Transcript

00:00An economist has called on the government to clearly define what constitutes high-value

00:05investments, citing Grab as an example of a low-value gig economy service that has still

00:11created 280,000 jobs and contributed RM10 billion in value.

00:16Jeffrey Williams contrasted this with data centres, often considered high-value but offering

00:21fewer job opportunities.

00:23He said that under the new investment incentive framework, Malaysia should attract investments

00:28that benefit both the economy and its people.

00:31Deputy Investment Trade and Industry Minister Liu Qingtong announced that the NIIF will

00:36be implemented in the third quarter of this year, shifting focus to economic spillover

00:41effects and made-by-Malaysia products.

00:44However, Williams warned that this approach could lead to patronage, where funds are directed

00:49to politically connected entities rather than the most deserving ones.

00:53Meanwhile, Farik Sazuki of Bayal Aminah urged the government to ensure new investment incentives

00:59benefit both large and small firms proportionately.

01:03He also suggested tax incentives for research and development and education, while cautioning

01:08against excessive tax breaks for foreign firms, which could lead to economic inefficiencies.

01:13Dhaneshwaja Reza, FMT News.

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