Cut red tape, improve ease of doing business: PM

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NEW YORK: As more global companies expand into Malaysia or increase their existing investments, authorities must cut down on red tape and strive to improve the ease of doing business, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar, who is also the Finance Minister, said he was disappointed to hear some companies voicing their frustrations with regard to the slow decision-making processes.“Several companies that met with us said there are still delays in getting the necessary approvals to conduct their business.

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