KUALA LUMPUR: The Companies Act 2016, which replaces its over 50-year-old predecessor, will ease the cost of doing business in the country, especially for small and medium enterprises (SMEs).
Domestic Trade, Co-operatives and Consumerism minister Datuk Seri Hamzah Zainudin said the new Act, which came into effect on Jan 31, would also help to ease a number of regulations.
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