MB: Selangor to reduce land premium deposit from 150pc to 100pc next year | Malay Mail

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MB: Selangor to reduce land premium deposit from 150pc to 100pc next year

SHAH ALAM, Dec 6 — The Selangor government will reduce land premium deposits by 50 percentage points to companies wishing to invest in the state starting next year as the 150 per cent deposit rate set previously was seen as a burden on investors, said Mentri Besar Datuk Seri Amirudin Shari.

“ so that investors can shorten the time for investments, material development and subsequently create employment opportunities and speed up investments,” he said at the Selangor State Assembly sitting today. In another question and answer session, chairman of the state Investment, Industry, Trade and Small-Medium Industries Datuk Teng Chang Khim informed that the state government was drafting an action plan for the proposed development of the Selangor Drone Centre of Excellence at Universiti Selangor Bestari Jaya campus, Kuala Selangor.

“Among the industry players who have expressed their desire to cooperate are companies such as AERODYNE Group and Pen Aviation Sdn Bhd which are also aviation consultants and experts in the field of drones,” he said.

 

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