KUALA LUMPUR:The government has proposed to give income tax exemption of 100 per cent of statutory income for 10 years to investor company that commercialises the research and development (RD) findings by public research institutions including public higher learning institutions (IPTA).
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said this proposal is to create a competitive RD ecosystem and to encourage new RD activities as well as produce high quality researchers.
During the tabling of the Budget 2021 in the Dewan Rakyat here, today, he said it is proposed that the tax incentive for the commercialisation of non-resource-based RD be reintroduced.
The tax incentives for the commercialisation of RD findings by public research institutions including public higher learning institutions will be expanded to private higher learning institutions (IPTS).
The effective date for this proposal are for applications received by the Malaysian Investment Development Authority from tomorrow (Nov 7, 2020) until Dec 31, 2025.
-- BERNAMA
Bernama
Fri Nov 06 2020
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said this proposal is to create a competitive RD ecosystem and to encourage new RD activities as well as produce high quality researchers. - foto BERNAMA
Russia soon to begin to build road bridge to North Korea
The bridge was agreed upon during Putin's 2024 North Korea visit, when both nations signed a strategic partnership deal.
Court allows Rosmah to include Govt, police as third parties in missing jewellery lawsuit
Judge says Datin Seri Rosmah Mansor has established a prima facie case to be granted leave to issue the third-party notice.
Najib named as suspect in 1MDB probe due to inflow of funds into personal account - witness
Datuk Seri Najib Tun Razak was named a suspect after Bukit Aman found a money trail of 1MDB funds entering the ex-PM's accounts.
Lecturer claims trial for committing sexual acts using objects against female students
Ahmad Syahir Sharifudeen is facing five counts of engaging in sexual acts of unnatural intercourse with the 19-year-old female victims.
Hundreds stage Gaza protest against Hamas after conflict resumes
Hundreds of Palestinians protest in northern Gaza to demand an end to war, chanting "Hamas out".
Online fraud causes over RM19 million in losses from Jan 1 to March 24 - Bukit Aman
Datuk Rohaimi Md Isa said during the same period last year, 1,700 cases were reported, resulting in losses amounting to RM13.66 million.
Courting love: Yew Sin and Ohori announce engagement
We couldn't be more happier to share this with the world, says Malaysian professional men's doubles shuttler Ong Yew Sin.
South Korea battles worst ever wildfires as death toll hits 27
More than 33,000 hectares has been charred or were still burning in the largest of the fires that began in the central Uiseong county.
Mindef leaves probe into soldier’s death to police - Mohamed Khaled
According to the Malaysian Army, Muhammad Muqriz from the 20th Battalion of the Royal Malay Regiment died due to blunt trauma to the chest.
Canada will react to Trump's 'attack' soon, could impose tariffs, says Carney
The tariffs look set to damage the highly integrated North American auto industry.
PM hopes MADANI Mosque can serve as community centre for Muslims, city dwellers
PM says the four-storey mosque, will also have a library, an event hall and an arts and cultural space to introduce Islam to the public.
Trump says he may give China reduction in tariffs to get TikTok deal done
ByteDance has an April 5 deadline to find a non-Chinese buyer for TikTok or face a US ban on national security grounds.
South Korea installs platform to monitor Chinese presence in disputed sea
China calls its structures fish farms, but Seoul fears Beijing may use them to stake claims in the Provisional Maritime Zone.
![[OPINION] Beyond ‘Adolescence’: Parental engagement in navigating the digital divide](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2025-03/81743044970_digitalsocialmedi.jpg "[OPINION] Beyond ‘Adolescence’: Parental engagement in navigating the digital divide")
[OPINION] Beyond ‘Adolescence’: Parental engagement in navigating the digital divide
Research shows that adolescents engage with digital technology far more than any other generation.
Pentagon's Hegseth texted start time of planned killing of Yemeni fighter
Sensitive attack plans shared on a commercial messaging app, possibly on personal phones, sparks outrage.
The coming Algorithmic Apocalypse: How AI could trigger Nuclear War
Experts warn that algorithmic errors could ignite a global war. The world must act now.
MOE to implement Jalur Gemilang badge on student uniforms from April 21
MOE says the initiative aims to instill patriotism and a love for the country among students and educators.
Hyundai, Trump announce $21 billion US investment, new steel plant
The investment includes a new $5.8 bln Hyundai Steel plant in Louisiana that will produce over 2.7 mln metric tons of steel annually.
Auto industry rocked by Trump's 25% tariffs on US imports
The new levies, if left in place for an extended period, could add thousands of dollars to the cost of an average US vehicle purchase.
AirAsia flight makes safe emergency landing at KLIA 2 after engine fire
An AirAsia flight bound for Shenzhen, China, had to make a turnback to KLIA 2 shortly after takeoff due to a reported engine fire.