Moratorium on iron and steel sector to be extended

Quick Summary:

KUALA LUMPUR: The Ministry of Investment, Trade, and Industry (MITI) has received approval from the National Investment Council (NIC) to extend the current moratorium for the Malaysian iron and steel sector, which is set to end in August 2025.

This restructuring will enhance regulatory enforcement, ensure coordination between key agencies and promote fair competition.

Additionally, MITI recognises the need for strong governance and industry coordination to support the transformation of the industry.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News MITI Moratorium Iron Malaysia Steel Institute Steel

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 16:02:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 335 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26288377

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 15 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 12 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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