MALAYSIA ECONOMY

Inauguration ceremony of Malaysia's International Financial Centre

epa11174143 Malaysian Prime Minister Anwar Ibrahim (C), Finance Minister II Amir Hamzah Azizan (L) and TRX City CEO Azmar Talib pose after the launching ceremony of the Tun Razak Exchange (TRX) as Malaysia's International Financial Centre in Kuala Lumpur, Malaysia, 23 February 2024. 'As the country's International Financial Centre (IFC), TRX enjoys special status. With this status, the government has provided a slew of incentives for companies moving their base here. These encompass an industrial building allowance, tax exemption on 70 percent of the statutory income for a period of five years for property developers, stamp duty exemption on loan and service for TRX Status Company', Anwar said. EPA/FAZRY ISMAIL

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