KUALA LUMPUR: The government will implement the New Incentive Framework (NIF) effective March 1, 2026, beginning with the manufacturing sector and followed by the services sector in the second quarter of 2026, according to the Ministry of Investment, Trade and Industry (MITI). The implementation of this new framework represents a significant strategic policy shift in Malaysia’s investment incentive landscape, aimed at ensuring the country remains competitive, sustainable, and resilient in the face of global economic challenges. In tandem with the implementation of the NIF, MITI said the government will no longer accept new incentive applications for manufacturing sector under the Promotion of Investments Act 1986 (PIA 1986). The final deadline for the submission of incentive applications under the PIA 1986 for the manufacturing sector is on Feb 28, 2026 at 3 pm. "The NIF Implementation Guidelines outline the eligibility criteria, NIA Scorecard assessment parameters, category of incentive, as well as the application and evaluation processes," it said.

Source: The Star January 30, 2026 13:20 UTC