Promotion Of Investments       Current incentives for promoting exports of Malaysian goods and services include double deduction for promotion of exports, double deduction on insurance premium and export credit refinancing. As an additional measure to further promote exports, the Minister of Finance has proposed in his Budget Speech that companies in the manufacturing, agricultural and services sectors be given an exemption of their statutory income equivalent to the following: a. 10% of the value of increase in exports for manufacturers whose exported goods contain at least 30% value added; b. 15% of the value of increase in exports for manufacturers whose exported goods contain at least 50% value added; c. 10% of the value of increase in exports for companies which export fresh fruits and cut flowers; d. 10% of the value of increase in exports for companies in selected services sectors as follows: i. legal; ii. accounting; iii. engineering consultancy; iv. architecture; v. marketing; vi. business consultancy; vii. office services; viii. construction management; ix. building management; x. plantation management; xi. health and education. The proposal is to be effective from January 1, 1998.

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