GEORGE TOWN, May 6 -- The setting up of an Invest Malaysia Facilitation Centre (IMFC) in Penang will be a gamechanger that will enable faster reinvestment decisions and expansion plans, according to the Federation of Malaysian Manufacturers (FMM) Penang.

FMM Penang chairman Datuk Seri Lee Teong Li said the recent announcement by the prime minister that an IMFC will be established in Penang is a highly welcomed move.

"This is a timely and strategic move in the right direction, especially given Penang's key role as a hub for high-value manufacturing and global supply chains," he said when contacted by Malay Mail.

He said the IMFC will significantly ease business processes for both existing and new investors such as streamlining approvals...