What happened to the Prince of the Land (Bumiputras)?
Aren't they supposed to be talented?
And what happened to Malaysian's own foreign talents (the Chinese & Indians)?
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By Teo Cheng Wee, Regional Correspondent
One of the plans to attract foreign talent is to simplify the process of granting permanent residence (PR) status to skilled expatriates.
KUALA LUMPUR - MALAYSIA has offered several new incentives in its 2010 budget to attract foreign talent, but the jury is still out as to whether these will work, analysts and industry players say.
The chief concern is implementation.
Many are waiting for the details of the plans, which were only outlined in broad strokes by Prime Minister Najib Razak on Friday.
One of the plans to attract foreign talent is to simplify the process of granting permanent residence (PR) status to skilled expatriates.
Visas will be granted automatically to working expats and dependant family members within 14 days, while PR status will be accorded to foreigners married to Malaysian women.
Another major announcement was to cap the income tax rate at 15 per cent for foreign knowledge workers living and working in the Iskandar Malaysia economic zone in South Johor.
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