MALAYSIA

The Malaysian Government has set an infrastructure development budget of US$20.43 billion

for 2023. A total of 7,615 development projects of all types are planned for 2023 under this
budget, which represents an increase of 25.7% from 2022.
One of the major road projects being prioritised with the infrastructure development
programme is the work for Phase 1b of the Pan Borneo Sabah Highway in Sabah. Also being
prioritised will be infrastructure works in rural areas, including road maintenance and upgrade
works.

The improvement of rural infrastructure for the well-being of the people, with a focus on areas
in Sabah and Sarawak, continues through the allocation of RM2.55 billion in the 2023 Budget,
said Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz.
He said that the allocation included rural roads worth RM1.5 billion which will bene􀀂t 110,000
residents including, among others, the Kampung Orang Asli Bawong Kuala Kangsar to the Kemar
Resettlement, also in Perak. In addition, he said that a total of RM472 million in funding would
be provided for the Rural Electricity Supply project, which will benefit residents in 2,100 houses.

The village street light (LJK) programme should be continued under Budget 2023 to improve the
quality of life of people in rural areas said the Ministry of Rural Development (KPLB) secretary-
general Datuk Ramlan Harun.

He said to realise that goal, KPLB has applied for an allocation of RM50 million under Budget
2023 to install more than 19,000 units of lights for residents of rural areas nationwide.

"This year there is no provision (for the LJK programme) and we have applied in Budget 2023 to
continue this programme. If approved, we will continue this project nationwide starting next
year and (more than 19,000 units) will be distributed according to the needs of the states.

Companies

3M ROAD STUD
ABS Road Stud Marker In Malaysia

Traffic marking is an object or device whether fixed or movable, or lines or marks on the road.
This notation is used to provide information, requirements, restrictions or prohibitions on road
users.
It includes street signs, traffic signals, road surface markings, road studs and so on.

 Double White reflector Aluminium Road Stud Plastic Road Stud Solar road stud

The Industrial Co-ordination Act 1975
The Industrial Co-ordination Act 1975 (ICA) was introduced with the aim to maintain an orderly
development and growth in the country’s manufacturing sector.
The ICA requires manufacturing companies with shareholders’ funds of RM2.5 million and
above or engaging 75 or more full-time paid employees to apply for a manufacturing licence for
approval by the Ministry of International Trade and Industry (MITI).
Applications for manufacturing licences are to be submitted to the Malaysian Investment
Development Authority (MIDA), an agency under MITI in charge of the promotion and
coordination of industrial development in Malaysia.
The ICA defines:
“Manufacturing activity” as the making, altering, blending, ornamenting, finishing or otherwise
treating or adapting any article or substance with a view to its use, sale, transport, delivery or
disposal; and includes the assembly of parts and ship repairing but shall not include any activity
normally associated with retail or wholesale trade.
“Shareholders’ funds” as the aggregate amount of a company’s paid-up capital, reserves, and
balance of profit and loss appropriation account, where:
Paid-up capital shall be in respect of preference shares and ordinary shares and not including
any amount in respect of bonus shares to the extent they were issued out of capital reserve
created by revaluation of fixed assets.
Reserves shall be reserves other than any capital reserve created by revaluation of fixed assets
and provisions for depreciation, renewals or replacements and diminution in value of assets.
Full-time paid employees” as all persons normally working in the establishment for at least six
hours a day and at least 20 days a month for 12 months during the year and who receive a
salary.
Guidelines for Approval of Industrial Projects
The government’s guidelines for approval of industrial projects in Malaysia are based on the
following criteria:
Projects must have Capital Investment Per Employee (CIPE) of at least RM140,000.00; and
Total full-time workforce of the company must comprise at least 80% Malaysians. Employment
of foreign workers including outsourced workers is subjected to current policies; and
Total number of managerial, technical and supervisory levels (MTS) is at least 25% of total
employment or having a value added (VA) of at least 40%.

https://www.mof.gov.my/portal/en/news/press-citations/budget-2023-rm2-55-billion-for-rural-
projects-including-rural-roads
https://www.worldhighways.com/wh8/news/malaysian-2023-infrastructure-budget-set#:~:text=A
%20total%20of%207%2C615%20development,Borneo%20Sabah%20Highway%20in%20Sabah.
https://www.sinardaily.my/article/180369/malaysia/national/budget-2023-village-street-lights-
programme-should-continue-to-improve-rural-residents-quality-of-life
https://www.mida.gov.my/setting-up-content/approvals-and-licensing/