News & Reviews:   Tengku Zafrul

Today, our local minister of International Trade and Industry, Tengku Zafrul just announced that Tesla will indeed be making its way to the Malaysian market. The Ministry of International Trade and Industry (MITI) also announced its approval, and we will be seeing Tesla's presence soon.

The International Trade and Industry Ministry (MITI) has revealed that it would be discussing with national car manufacturers Proton and Perodua on expediting the production of electric vehicles (EVs). Its minister, Tengku Datuk Seri Zafrul Abdul Aziz said that both companies would produce national EVs and introduce affordable EVs to Malaysians.

Minister of International Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz announced that US-based chip maker Intel has given its commitment to invest over RM30 billion in Malaysia. The investment is in regard to the company’s operations expansion in Penang and Kulim, Kedah.

Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz has revealed that all 6 local telcos have reached a consensus on the access agreement with Digital Nasional Berhad (DNB) to lease 5G services. The telco companies are Telekom Malaysia (TM), YTL Communications Sdn Bhd (YES), Digi Telecommunications Sdn Bhd, Celcom Axiata Bhd, Maxis Bhd and U Mobile Sdn Bhd.

Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz has assured Malaysians that the decision by two Mobile Network Operators (MNO) to reject holding stakes in Digital Nasional Berhad (DNB) doesn’t have a huge financial impact on the government. This is because there are several local and foreign banks that are ready to finance the 5G network implementation in Malaysia.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has revealed that the government is willing to consider fiscal incentives to assist local telco companies in transitioning to 5G. These incentives are meant to mitigate any short-term commercial consequences of providing 5G services to their customers.