Malaysia launches TRX as int’l financial centre in capital city

Malaysian Prime Minister Datuk Seri Anwar Ibrahim on February 23 officially launched the Tun Razak Exchange (TRX) as Malaysia's International Financial Centre (IFC).

Friday, February 23, 2024 17:30

Malaysia launches TRX as int’l financial centre in capital city ảnh 1

Malaysian Prime Minister Datuk Seri Anwar Ibrahim speaks at the event. (Photo: Straits Times)

Kuala Lumpur (VNA) – Malaysian Prime Minister Datuk Seri Anwar Ibrahim onFebruary 23 officially launched the Tun Razak Exchange (TRX) as Malaysia'sInternational Financial Centre (IFC).

Speaking at the ceremony, the PM said TRX is astep forward in the long and proud narrative of Malaysia, reflecting thecountry's rich history as a trading nation.

The launch of TRX also represents a milestoneforward in the Government's mission to renew the country's economic andfinancial architecture through the Madani Economy, he noted.

The incentives include an industrial buildingallowance, tax exemption on 70% of the statutory income for a period of fiveyears for property developers, stamp duty exemption on loan and service for TRXStatus company.

Situated in the heart of Kuala Lumpur, TRXspans 28.33ha, boasts modern infrastructure and over 30,000 employees./.

VNA

#Tun Razak Exchange #TRX #Vietnamplus #Vietnam News Agency #Malaysian Prime Minister Datuk Seri Anwar Ibrahim #Madani Economy

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