Malaysia to cut red tape

  • Investment
  • Saturday, 15 Feb 2020

Minister of International Trade and Industry Darell Leiking

KUALA LUMPUR: Malaysia will be undertaking extensive reforms of the investment process to improve the ease of doing business for both foreign and domestic investors, the International Trade and Industry Ministry (Miti) said.

“Investors can expect red tape to be cut, bureaucracy to be reduced, and the approval process to be streamlined to expedite the realisation of investment, ” its Minister Datuk Darell Leiking said.

The improvements are based on constructive feedback offered by investors and other stakeholders on how to improve the investment process to better drive economic growth, towards achieving Malaysia’s vision of Shared Prosperity 2030, said Miti. — Bernama

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