XXXVII, No 11, 03/06/2019
Malaysia drops multipliers and hits OEMs for late “tier two” agreements
Malaysia has released an English translation of the second edition of its policy and guidelines for industrial collaboration programs (ICPs). The 76-page document contains several notable changes including lower multipliers; penalties for delays in signing project agreements; and the introduction of fees to cover management services. Joint ventures with foreign equity may now trigger obligations for procurements.