KUALA LUMPUR (Feb 4): The Investment, Trade and Industry Ministry (Miti) will focus on outcome-based measurement and monitoring under the New Incentive Framework to ensure that investment projects using local content translate into real impact on the domestic economy. According to him, measuring the actual level of local content usage is currently done via a specific framework that combines quantitative and qualitative indicators, including the percentage of local sourcing for raw materials, components, machinery, and services. “Monitoring is carried out at two main stages, during the pre-approval and post-approval phases of investment, with investment projects continuously monitored to assess the progress of the commitments,” he added. For the post-approval stage, the government conducts continuous engagement sessions with investors and local vendors to ensure that the implementation of local content usage genuinely takes place throughout the investment period, he said. Overall, he said the more structured and meticulous new policy approach aims to ensure that local companies and industries benefit from investments.

Source: The Edge Markets February 04, 2026 06:11 UTC