‘Cut red tape, improve ease of doing business’ - PM wants slow decision-making processes eradicated

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Anwar Ibrahim,Investment,Red Tapes

WOLVERHAMPTON, England (Reuters) - Liverpool manager Arne Slot is not getting carried away with his side topping the Premier League standings after their victory over Wolverhampton Wanderers on Saturday, their fourth win in all competitions in less than two weeks.

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

“I was very disappointed when I heard that because we have given clear instructions that we cannot delay such approvals,” he said at a press conference at the end of his four-day visit to New York, where he attended the 78th United Nations General Assembly, as reported by Bernama. “But to be fair, we have done well here as the employees worked around the clock to make sure that everything is in place ,” said Anwar.

Meanwhile, Anwar said American multinational corporation and the world’s largest aerospace company, Boeing, has informed him of its intention to expand its investment in Malaysia to manufacture aeroplane wings and its parts for all types of aircraft. Two major US electrical and electronic firms have also announced their plans to expand their operations to Malaysia.

 

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