Government Efficiency Commitment Act to reduce bureaucracy in business affairs

: The government will introduce the Government Efficiency Commitment Act to reduce bureaucracy and certain procedures in business affairs, said Economy Minister Rafizi Ramli.

“The government’s decision is a commitment to facilitate business, we will take steps through an Act. “So when we compare, for example, the time it takes to establish a company in Malaysia compared to neighbouring countries that are seen as more agile.He said the Government Efficiency Commitment Act is parallel to an act that was introduced last year, the Fiscal Responsibility Act.

Regarding the OECD Economic Surveys Malaysia, he said the economic reports produced by the OECD enable the Economy Ministry and other agencies to benchmark in certain sectors.

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