KUALA LUMPUR, May 5 (NNN-Bernama) — Malaysia’s\u00a0Minister of Transport Anthony Loke Siew Fook is scheduled to meet with representatives from multinational technology companies such as Facebook and Google to clarify the country\u2019s stance on cabotage policy restrictions for submarine cable repair as well as reassure foreign investors about Malaysia\u2019s future policies.<\/p>\n\n\n\n
Loke said these businesses, as well as investors, require policy clarity and the ministry intended to provide such clarity as well as certainty on policies to help them make more investment decisions in Malaysia.<\/p>\n\n\n\n
\u201cMy role as the Minister is to provide certainty and clarity of policies. I think companies would just want certainty in terms of the way forward and in terms of policies and we will hear them out too,\u201d he told reporters here Friday.<\/p>\n\n\n\n
He said submarine cable repair is a subsector issue within cabotage policy and is highly particular, thus, it does not need to be handled at the industry level.<\/p>\n\n\n\n
\u201cWhat they (IT companies and investors) need is just that the ship can go there quickly in order to do the repair, the ship can reach the destination quickly and efficiently and that\u2019s the only issue,\u201d he said.<\/p>\n\n\n\n
He said although the issue of undersea cable repair does not affect the maritime business as a whole, it is vital to the IT industry.<\/p>\n\n\n\n
\u201cWe will listen to them and if there is a need, we will invite them,\u201d he said.<\/p>\n\n\n\n
Previously, it was reported that the Ministry of Transport is working to reinstate exemptions granted to non-Malaysian vessels conducting undersea cable repairs in 2019.<\/p>\n\n\n\n
According to EMIR Research, the loss of the cabotage exemption, which allows foreign vessels to conduct undersea cable repairs in Malaysian waters, may deter foreign investors from investing in Malaysian telecommunications and internet infrastructure.<\/p>\n\n\n\n
Concerning undersea cable repairs in Malaysian waters, the research firm stated that the country currently lacks sufficient capacity of cable repair ships to support the necessary capacity and capability of submarine cable invested by over-the-top content providers such as Facebook and Google.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, May 5 (NNN-Bernama) — Malaysia’s\u00a0Minister of Transport Anthony Loke Siew Fook is scheduled to meet with representatives from multinational technology companies such as Facebook and Google to clarify the country\u2019s stance on cabotage policy restrictions for submarine cable repair as well as reassure foreign investors about Malaysia\u2019s future policies. Loke said these businesses, […]<\/p>\n","protected":false},"author":30,"featured_media":220394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/220389"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=220389"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/220389\/revisions"}],"predecessor-version":[{"id":220395,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/220389\/revisions\/220395"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/220394"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=220389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=220389"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=220389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}