Proposals to spur domestic investment will be studied, says PM

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PETALING JAYA: Proposals mooted by businesses to spur domestic investments (DDI) will be studied by the government, says Prime Minister Datuk Seri Ismail Sabri Yaakob.

"The country has entered the 'Transition to Endemic' Phase and DDI is an important element for economic recovery," he said in a statement on Monday .

The proposals tabled by NCCIM include studying the feasibility of reducing bureaucracy by 50%, streamlining investments initiatives, better management of foreign labour and crafting an action plan to develop a network for foreign direct investment for small and medium enterprises. "The government will continue to be committed to improve the quality of service of local authorities to be efficient, fast and transparent especially through the implementation of the OSC 3.0 and OSC 3.0 Plus," he said.It is a system which enables online application for development plans and other related processes.

 

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