MITI Dialogue 2024

29th Jan 2024 Dewan Perdana, Ministry of Investment, Trade and Industry (MITI)

Our President, Callum Chen and Council Member, Chee Seng Chu represented Malaysian Consortium of Mid-Tier Companies (MCMTC) today at the MITI Dialog 2024 today.

Our President presented the key Point on Reinvestment Allowance Extension (RA) to be extended from 2024 to at least 2027.  He elaborated to YAM Tengku Zafrul Aziz & all the gathered Captains of the Industry that Domestic Direct Investments (DDI) grew by 45.2% year on year in 2022 and is led by Mid-Tier Companies (MTCs) & the Bigger SMEs. He also emphasized Malaysia does Not Need New Strategies but to Expand on Proven Strategies that Worked Well like the RA (Reinvestment Allowance).

Our President also acknowledged openly the important role played by Malaysia External Trade Development Corporation (MATRADE) and asked that the Govt allocates more funds to MATRADE to do what they do best i.e. to develop more local CHAMPIONS!

Our President Callum Chen proposing that the Govt / MOF allocates more funds / provide a bigger allocation to Malaysia External Trade Development Corporation (MATRADE) to do what they do best in helping us move to the next level of competency by growing more and more local CHAMPIONS!!!