Malaysia improves in ease of doing business

Malaysia improves in ease of doing business

Malaysia has dramatically improved in the ease of doing business over the past few years, as it jumped from the 25th spot in 2007 to sixth for 2014 in World Bank's Doing Business Report. Chief Secretary to the Government Tan Sri Dr Ali Hamsa said the progress served as a testimony to the country's attractiveness as a destination of choice for investment and trade to both local and foreign investors.

“Our achievements in the ease of doing business report is a result of untiring efforts of many organisations and individuals led by our Prime Minister Datuk Seri Najib Tun Razak and all members of his administration; the public and the private sectors, and collaboration of these two sectors through the Special Task Force to Facilitate Business (Pemudah), to improve public service delivery and enhance private sector efficiency,” he said following yesterday's launch of the World Bank Doing Business 2014 – Understanding Regulations for Small and Medium-Size Enterprises.

“In fact, with all our National Transformation Agenda being introduced since 2009, they have also contributed to this achievement.”

For this year, government initiative in facilitating business via a public-private sector special task force focused on various key initiatives with an impact on service delivery to the business community as well as the public at large.

This includes the introduction of standard guidelines, categorising risk-based and self-regulatory inspection system, simplification of statutory requirements, as well as improving operational features of the existing One-Stop Centre for construction permits.

Farah Wahida, Editor of PropertyGuru