Masa: Cabotage exemption removal doesn't block business for tech giants

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The decision to revoke the cabotage exemption for foreign-flagged ships repairing undersea cables does not prevent the employment of foreign vessels.It mainly means helping and enabling Malaysian companies to bring the cable ships and technology back home to assist and boost the local industry, as well as to stop the unnecessary outflow of foreign exchange, explained Malaysia Shipowners Association (Masa) chairperson Abdul Hak Md Amin.He said the latest move by Transport Minister Wee Ka Siong was important in building and developing the local industry as Malaysian companies have the expertise and ability to provide security and protection to the strategic assets in the country's waters."This is what we are trying to promote. Masa wants to protect the digital accessibility into Malaysia with local know-how to repair the cable and not rely 100 percent on foreign compani…