KUALA LUMPUR, June 16 (Bernama) — The Licensing Officer of the Ministry of International Trade and Industry (MITI) has agreed to grant an extension of the project implementation period for companies, which have been accorded Manufacturing Licences under the Industrial Coordination Act, 1975. This is part of the pro-active measures undertaken by the Government in ensuring that the Malaysian economic sectors remain competitive despite the current COVID-19 pandemic.
Under the normal procedure, licensed companies are required to implement their approved projects within a period, as stipulated in their Approval Letter of Manufacturing Licence. With the implementation of this relaxation mechanism, an approved manufacturing company will be automatically given an extension of 12 months to implement their projects. The 12-month extension period will commence from the end date of the implementation period stated in the approval letter.