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"What's Next??"

Hi Folks! It’s been some time since we have updated any news pertaining to MSC Status application cases. As all of you are aware of, the approval process has stopped since May 2018. Now, while most of you were lost in the strong current of chaos, we tried our best to answer you guys with what we know.

** Pics are just for illustration only** The team at MDEC too had their roadshows and workshops informing applicants on why this is happening and when the estimated timeline of the stoppage may be lifted. Now, we shall not dwell into that as I believe by now, we have gone past that stage.

Many have asked us – So guys, what’s next?

To answer you, while the relevant Government Ministries and Bodies are reviewing the structural changes to the compliance criteria for all applying company and the review criteria for the relevance of companies benefitting from BoG No.5, we believe that all companies who sees themselves confidently owning valuable technology IPs and Shared Services models, you can always start your engagement process now.

Yes, the application process may have stopped temporarily. I have no answers to some of you as to why – even for GBS, when there’s no requirement for IP ownership, MDEC has halted the application on their portal. You may call them directly to inquire.

For us, we have been in this business for so many years. We know that the process does not just resides with the approval. Majority of the time is taken up by the numerous brainstorming sessions between the consultants and the clients when reviewing their solutions, products or services. Even more so with the business plans and expansion plans. That process itself takes up almost 2/3 of the entire time.

So, our advice is – proceed with the engagement process with your own internal team. Draft the business plans and financial plans. Make sure you run the figures correctly and make sure that your solution is a solid one. Should you choose to outsource it to folks like us, you can (a bit of a reverse psychology here, actually, please do engage folks like us as if you do it in-house, the total cost incurred is actually higher than what you all pay us).