ECER Investor Incentives

Recent ECER incentives will encourage investors participation in the development plan of Lagenda Tunjong.

The RM1.2 billion development is now a project under the East Coast Regional Economic Corridor. Since receiving incentive from ECER, the development plan in Lagenda Tunjong has seen a growing demand of investors.

The incentives memorandum signed between the two parties in November, 2014, enables investors of Lagenda Tunjong to receive tax exemption, stamp duty and and access to finance loan facilities. This incentive provided by ECER will increase investors interest towards Lagenda Tunjong.

The ECER (East Coast Economic Region) MOU Event, was officiated by Prime Minister, Dato’ Sri Haji Mohammad Najib bin Tun Haji Abdul Razak on Monday, 17th November 2014.

Executive Chairman of Lagenda Tunjong Sdn. Bhd., Dato’ Dr. Zawawi Ismail, is pictured above, front row, fourth from left.

The East Coast Economic Region Development Council (ECERDC) is a statutory body established to spearhead the social-economic development of the East Coast Economic Region (ECER). ECERDC plays a lead role in setting directions, formulating policies and developing strategies for the social-economic development of ECER by promoting and facilitating investments into the Region.

Pictured above from left are Mr. Yap Yoon Sin, General Manager, Finance, Mr. Lee Yik, General Manager, Dato’ Dr. Zawawi Ismail, Executive Chairman, Mr. Kenneth Tiong, Deputy Chairman, and Mr. Paul Ong, Investment and Financial Advisor

The ECER of Malaysia covers Kelantan, Terengganu, Pahang and the district of Mersing in Johor. Five key economic clusters, namely Manufacturing, Oil, Gas & Petrochemicals, Tourism, Agriculture and Human Capital Development will drive the development of ECER in line with the Government Transformation Programme (GTP) and Economic Transformation Programme (ETP). The ECER Master Plan, approved by Government in 2008, was formulated as a basis to guide the development of ECER until 2020. For more information on ECERDC, please visit www.ecerdc.com.my.

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