The government said it will consider removing the approved permits (APs) for other steel products used in the construction industry, says International Trade and Industry Minister Tan Sri Muhyiddin Yassin.
"We are now issuing liberally import permits for steel and cement. We also want to shorten the period (for issuance of APs) from one week to two to three days," he told reporters after chairing the Malaysian Services Council meeting in Kuala Lumpur yesterday.
The government has scrapped the ceiling price for cement, while that of the steel bar and billet market has been liberalised.
Earlier, the meeting also discussed the shortage of human resource in the services sector and a comprehensive study will be undertaken.
"We need qualified technically trained manpower in five areas - in business and professional services, health services, tourism, education services and distributive trade services," said Muhyiddin.
By New Straits Times (by Rupa Damodaran)
Tuesday, June 10, 2008
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