Regulatory reforms needed to bolster competitiveness

To improve Malaysia’s ranking and ease the complexity of doing business, Socio-Economic Research Centre executive director Lee Heng Guie (pic) told StarBiz that government policies and regulations played a decisive role in fostering competitiveness.

PETALING JAYA: Regulatory reforms are needed to bolster the competitiveness and ease the complexity for multinational companies (MNCs) to carry out businesses in the country.

Based on the latest Global Business Complexity Index (GBCI) 2020 report by global professional services firm TMF Group, Malaysia was ranked the ninth most complex country for MNCs to do business globally, and the third most complex in Asia. In 2019, Malaysia ranked 25th for global business complexity.