The high contribution of the manufacturing sector to the country’s economy has also been indicated in a joint study by KPMG and The Manufacturing Institute in the US that Malaysia is ranked fourth among 17 economies in an assessment comparing economic competitiveness as a manufacturing hub.
It is believed that Budget 2021 could help mitigate the COVID-19 impact on the manufacturing sector and retain high economic competitiveness as a manufacturing hub, specifically through the allocation of RM1 billion for high technology and high value-added investment incentive packages in Budget 2021.
Read the full article as published in Bernama.com
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