MALAYSIA BUSINESSES WANT MORE TAX BREAKS FOR GREEN INVESTMENTS

KUALA LUMPUR, June 3 (Bernama) -- Malaysian businesses want more tax breaks
for green investments, says workspace solutions provider, Regus, in a global
survey.

The survey found 89 per cent of companies in Malaysia had declared that
government tax breaks were required to accelerate green investment take-up, it
said in a statement here Thursday.

In Malaysia specifically, it said, the survey found that monitoring of
energy efficiency and carbon foot print were much more widespread than elsewhere
in the world.

It said 30 per cent of companies monitored their carbon footprint and 62 per
cent energy consumption.

However, 57 per cent of the company had no policy to invest in
energy-efficient equipment while running costs were important to 57 per cent of
companies that declared that they would only invest in low-carbon equipment if
it were cheaper or the same to run as conventional equipment.

Meanwhile, 89 per cent of companies declared that if government offered tax
incentives to invest in energy-efficient or low-carbon equipment, they would
significantly accelerate their green investments, it said.

-- BERNAMA