Kuala lumpur: The Federation of Malaysian Manufacturers (FMM) looks forward to policy continuity and stability that provide businesses and investors with the confidence to plan and invest over the long term following the new Cabinet line-up announced yesterday.
According to BERNAMA News Agency, FMM president Jacob Lee Chor Kok emphasized the importance of consistent implementation of existing policies, clear communication, and coordinated execution across ministries to sustain investor confidence both domestically and internationally.
Lee highlighted the necessity of a competitive and predictable tax environment to support reinvestment, industry upgrading, and the broader transformation of the manufacturing sector. He pointed out the need to focus on lowering the overall cost of doing business, especially in light of the cost pressures currently faced by the industry.
Addressing energy, logistics, and regulatory compliance costs, along with a careful assessment of the impact of the recent expansion of the sales and service tax, was also underscored by Lee. These factors, he noted, directly affect operating costs and cash flow, particularly for manufacturers and small and medium enterprises (SMEs).
Lee further stressed the importance of improving the business environment through clearer regulations, more efficient approval processes, and stronger inter-agency coordination to enhance ease of doing business and operational efficiency.
FMM views the Government Service Efficiency Commitment Act 2025 (ILTIZAM Act), which came into force on Dec 1, 2025, as a positive development in strengthening service efficiency and regulatory discipline across the public sector. The Act's focus on reviewing regulatory instruments and reducing the regulatory burden provides a framework for more streamlined and accountable regulation.
Lee concluded that the success of the Act will depend on consistent implementation, transparent performance measurement, and outcomes that translate into tangible improvements for businesses on the ground.