MITI actively encourages REE industry investment, ensuring added value occurs in Malaysia
KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) is actively promoting investment in the rare earth element (REE) industry for the mid- and downstream segments to ensure added value occurs in Malaysia. MITI explained that companies carrying out production activities in the mid- and downstream stages of REE are eligible to be considered for incentives under the Investment Promotion Act 1986, namely pioneer status incentives and investment tax allowances. "Companies that carry out high-tech activities as well as companies with small and medium-sized industry (SME) status can also be considered for special incentives according to the same act. [...]
