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In addition to the current package of incentives, the Government has approved new fiscal incentives for specific activity and identified locations under the ECER Master Plan. Coupled with the new and improved transportation networks, the region is set to experience a boost in its domestic and foreign direct investment.
The oil, gas and petrochemical industry is one of the leading industries in Malaysia, with significant hydrocarbon reserves located offshore Terengganu, contributing significantly to the Nation’s gross domestic product (GDP).
In August the Prime Minister Datuk Seri Najib Tun Razak unveiled the ECER’s Agropolitan project for Pekan district of Pahang to promote the development of growth centers in rural areas, which will help provide sustainable income and eradicate hardcore poverty.
The Region’s cultural heritage remains one of its strongest unique selling propositions. As the cradle of Malay culture, the region acts as a living museum where ancient customs and crafts are perpetuated and practiced side-by-side with modern ways and methods, to create a distinctive way of life. The region’s traditional…
Tourism has long been an important economic driver in the region, with local and foreign visitors clamoring to visit its many natural and cultural attractions. The region is well-known for its natural assets - unspoilt beaches, serene, coral-ringed islands as well as lush rainforests.
Business Special Report publisher John Bonar recently caught up with Dato Jebasingham Issac John, chief executive of the Malaysian East Coast Economic Regeneration and Development committee (ECERCD). The interview, which takes the form of a Q&A session provided the opportunity for the CEO to explain why there was a need…
Dato’ Sri Haji Adnan bin Haji Yaakob, Menteri Besar Chief Minister) of Pahang, welcomed the launch of the ECER SEZ, saying “the success of the ECER SEZ will spur further developments throughout the East Coast Region.
Malaysia’s first Special Economic Zone (SEZ) was launched in August this year by the country’s Prime Minister Datuk Seri Najib Tun Razak in the East Coast Economic Region (ECER), aimed at generating investments of RM90 billion by year 2020.
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