Research And Development In Malaysia
Malaysia offers a wide range of incentives and financial assistance to attract investments in r d activities.
Research and development in malaysia. There is strong potential for increased demand for tin applications in the electrical and energy storage areas. R d includes r d company r d contract company and in house r d and r d status company. Gross domestic expenditures on research and development r d expressed as a percent of gdp. I was speaking to some friends at the ministry of higher education a few days ago and was pleasantly surprised to find out various interesting things about malaysia s research development r d.
Where a pioneer company carries out an approved research project during its tax relief period it can elect to defer the deduction of the qualifying research expenditure to the post pioneer period so as to reap the full benefit of the double deduction. Research and development expenditure of gdp in malaysia was 1 44 as of 2016. Its highest value over the past 20 years was 1 44 in 2016 while its lowest value was 0 22 in 1996. Research and development in order to remain competitive in the world economy malaysia needs to constantly generate and establishes new sources of growth.
We also aim to seek new product applications for tin. Our research and development r d centre is focused on developing new products and technologies to improve our tin mining and tin smelting processes.