Mida set for revamp


SEOUL: The Malaysian Investment Develop­ment Authority (Mida) will be able to approve investments of up to RM1bil once amendments are made to the necessary Acts, said the Deputy Prime Minister.

Amendments to the Promotion of Invest­ments Act 1986; Income Tax Act 1967, and the Mida Act 1965 would be tabled in the next Parliament session in October, added Tan Sri Muhyiddin Yassin.

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