In 2020, the Perikatan Nasional government revoked the cabotage exemption that was put in place a year before.
PUTRAJAYA: The government has decided to reinstate the cabotage exemption for foreign vessels carrying out undersea cable repairs, transport minister Loke Siew Fook said.
Loke said Putrajaya decided to reinstate the exemption to attract foreign investors.
“Based on feedback by investors, we decided to tweak our policy to facilitate foreign direct investment,” he said at a press conference today.
In 2019, Loke, who helmed the transport ministry at the time, announced that foreign vessels carrying out undersea cable repairs and maintenance work would be free from some of the usual cabotage requirements and fees, to speed up the approval process.
However, the following year, the exemption was revoked by the Perikatan Nasional-led government.
A cabotage exemption allows foreign vessels to carry out certain activities free from certain restrictions.
MORE TO COME
We are live on Telegram, subscribe here for breaking news and the latest announcements.
News Related-
Window opens for Zahid to ride off into the sunset – but at Anwar's cost
-
Murder-accused teens 'had preoccupation with torture'
-
A plea for Islamic voices against using human shields - opinion
-
Strengthen MM2H programme, promote multiple entry visa
-
GEG element removed from anti-smoking Bill
-
Health Ministry tables revised anti-tobacco law, omits generational smoking ban
-
Work together with Anwar to tackle economic issues, Perikatan MP tells Muhyiddin and Ismail Sabri
-
Malaysia Airlines launches year-end sale
-
Dr M accuses govt of bribery over allocations
-
Malaysia to check if the Netherlands still keen to send flood experts
-
Appeals court to rule in Isa’s graft case on Jan 31
-
Elephants Trample On Axia With Family Of Three Inside
-
Sirul fitted with monitoring device
-
Nigerian airliner lands at wrong airport