KUALA LUMPUR, Dec 17 (Bernama) -- The Federation of Malaysian Manufacturers (FMM) looks forward to policy continuity and stability that provide businesses and investors with the confidence to plan and invest over the long term following the new Cabinet line-up announced yesterday.
FMM president Jacob Lee Chor Kok said consistent implementation of existing policies, clear communication, and coordinated execution across ministries are critical to sustaining investor confidence both domestically and internationally.
“In this context, a competitive and predictable tax environment is essential to support reinvestment, industry upgrading and the broader transformation of the manufacturing sector.
“There is a need to focus on lowering the overall cost of doing business, particularly in light of the cost pressures currently faced by industry,” he said in a statement today.
Lee also said that addressing energy, logistics and regulatory compliance costs, together with a careful assessment of the impact of the recent expansion of the sales and service tax, is important, as these directly affect operating costs and cash flow, especially for manufacturers and small and medium enterprises (SMEs).
He stated that improvements to the business environment through clearer regulations, more efficient approval processes and stronger inter-agency coordination will further enhance ease of doing business and operational efficiency.
“FMM views the Government Service Efficiency Commitment Act 2025 (ILTIZAM Act), which came into force on Dec 1, 2025, as a positive step towards strengthening service efficiency and regulatory discipline across the public sector.
The Act’s focus on reviewing regulatory instruments and reducing regulatory burden provides a framework for more streamlined and accountable regulation.
“Its success, however, will depend on consistent implementation, transparent performance measurement and outcomes that translate into tangible improvements for businesses on the ground,” he added.
-- BERNAMA
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