Malaysia Initiates Business Traveller Centre To Ramp Up Foreign Investments

International Trade and Industry Minister (MITI), Mohamed Azmin Ali

Malaysian Investment Development Authority (MIDA) has initiated a Business Traveller Centre (BTC) at KL International Airport (KLIA) to facilitate the entry of foreign business travellers into Malaysia.

The BTC is a collaborative effort between MITI, MIDA, Ministry of Health (MoH), Immigration Department, Malaysia Airports Holdings Bhd and Malaysia Airlines Bhd.

International Trade and Industry Minister (MITI), Mohamed Azmin Ali said that the BTC is one of the main components of the One Stop Centre (OSC) initiative that has been set up by Putrajaya.

On October 2, 2020, Putrajaya has set up the OSC to ease the movement of business travellers by expediting the approval of their entry to do business in Malaysia.

“This initiative allows senior executives and technical experts to enter the country on either a short-term or long-term basis. The BTC aims to provide fast track services for short-term business travellers, who do not hold dedicated entry passes and intend to stay in the country for 14 days or less,” Azmin added.

MIDA in collaboration with MoH will also provide the services of Liaison Officers as well as Covid-19 tests for short term business travellers under the OSC initiative.

Additionally, a dedicated website containing information and advisory services to facilitate the application for the entry of all business travellers into Malaysia is also in progress.

“In the past year, we have adopted new ways, including the virtual approach in conducting discussions to attract foreign investors. However, it is more effective to negotiate if we meet face-to-face.

“While we are pulling out all the stops to encourage business travellers to come to Malaysia, we are also proactively ensuring that all the necessary health protocols are complied with because the safety of travellers, and the safety of everyone will remain our paramount concern,” he concluded.

To date, the OSC committee has approved 93 applications for short-term business travellers with total investments valued at RM15 billion.

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