FMM calls for policy continuity and stable tax environment to boost investor confidence and ease business costs following Malaysia’s new cabinet.
KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has called for policy continuity and stability following the announcement of the new cabinet line-up.
FMM president Jacob Lee Chor Kok said consistent policy implementation and clear communication are critical for sustaining domestic and international investor confidence.
A competitive and predictable tax environment is essential to support reinvestment and the broader transformation of the manufacturing sector.
Lee stressed the need to focus on lowering the overall cost of doing business amid current industry cost pressures.
Addressing energy, logistics and regulatory compliance costs is important as they directly affect operating costs and cash flow.
A careful assessment of the impact of the recent expansion of the sales and service tax is also needed, especially for manufacturers and SMEs.
Improvements through clearer regulations and more efficient approval processes will enhance the ease of doing business.
Lee highlighted the Government Service Efficiency Commitment Act 2025 (ILTIZAM Act) as a positive step towards strengthening public sector efficiency.
The Act’s focus on reviewing regulatory instruments provides a framework for more streamlined and accountable regulation.
Its success will depend on consistent implementation and outcomes that translate into tangible improvements for businesses.
