Mida’s OSC helps inflow of RM121b investment value
Published on: Thursday, October 14, 2021
By: Bernama
MIDA Deputy Chief Executive Officer Sivasuriyamoorthy Sundara Raja. Pix by MIDA - Bernama
Kuala Lumpur: The Malaysian Investment Development Authority (Mida), through its one-year-old One Stop Centre (OSC) for Business Travellers, has facilitated 1,120 companies and 2,822 Short-Term Business Travellers (STBT) with a total investment value of RM121.37 billion.Mida deputy chief executive officer Sivasuriyamoorthy Sundara Raja said the centre, which was established on Oct 2 last year, had eased the entry application processes and the movement of business travellers in Malaysia.ADVERTISEMENT.jpg)
“The OSC is a gamechanger for new investors to conduct new business activities and existing ones to expand or diversify their existing operations,” he said in his welcome remarks at a webinar on the OSC for Business Travellers.
The three-day webinar aims to create awareness on the OSC programme to ease the movement of STBT by expediting the approvals for their entry into Malaysia.
According to him, Mida continues to welcome investors to do business in Malaysia amid the pandemic and Malaysia remains steady on the path to economic recovery and growth while balancing between protecting public health and livelihoods.
Meanwhile, senior deputy director (talent division) Afidah Mastor said from 2,822 evaluations for STBT, 2,121 (75 per cent) had been approved, while 580 (21 per cent) were rejected and 121 (4 per cent) were still pending.
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