SHAH ALAM: Telecommunication service provider Maxis Bhd is hoping to get more clarity for the industry in the upcoming 2019 Budget for telcos to decide on their investments decision.
Maxis Bhd chief executive officer (CEO) Robert Nason said all businesses in the country, including the telecommunications sector, need certainty before making investments decisions to ensure more encouraging economic growth.
“We make big investment for long term in building up networks. For Maxis now, the investment is heavier in fix infrastructure.
“We are looking for certainty in the investment environment and we need more clarity in terms of the government’s vision for what the regulatory rules are going to be, what the tax rate regimes going to be – so we can make those investment decision,” he told reporters after signing a service agreement with Gamuda Land Sdn Bhd here today.
Gamuda Land chief executive officer Ngan Chee Meng said property developers would welcome more measures to be introduced in the Budget 2019
for development of affordable houses, and added incentives for property developers who opt to use the Industrialised Building System (IBS).
The IBS is a technique of construction whereby components are manufactured in a controlled environment, either at site or off site, placed and assembled into construction works.
“We are hoping the government gives some incentives to encourage this. To us, this is very important,” he said.
Maxis and Gamuda, under the agreement, will equipped with customised MaxisONE Home fibre plan with speeds of up to 300Mbps to Phase 1A and 1B of The Amber Residence in the Gamuda Land’s township.