By Kavinarasi Thavanendran
An amendment to Section 2 of the Promotion and Investment Act 1986 (“PIA 1986”) altered the definition of “Contract R&D Company” and “R&D Company” in Malaysia. According to PIA 1986:
Contract R&D Company means, “a company which provides R&D services in Malaysia only to companies other than its related companies and approved as an R&D Status Company.”