Concession Or Previleges In Connection Therewith Companies in Malaysia

A concession is an agreement between a company and the Malaysian government that allows the company to operate in Malaysia under certain conditions. The conditions may include the company's investment in Malaysia, the company's employment of Malaysians, the company's use of Malaysian suppliers, and the company's compliance with Malaysian law.

A privilege is a right or benefit that is given to a company by the Malaysian government. Privileges may include the right to operate in Malaysia, the right to employ Malaysians, the right to use Malaysian suppliers, and the right to comply with Malaysian law.