PM moots one-stop investment centre to cut red tape, boost trade | Malay Mail

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PM moots one-stop investment centre to cut red tape, boost trade

Malaysian Prime Minister Tun Dr Mahathir Mohamad and his wife Tun Dr Siti Hasmah attend a welcoming banquet for the Belt and Road Forum hosted by Chinese President Xi Jinping and his wife in Beijing April 26, 2019. — Reuters pic

The prime minister, who is currently in Beijing for the Belt and Road summit, said the Chinese investors he spoke to have repeatedly requested for a one-stop investment centre where their business plans and proposals need the approval of a sole authority. “These all take time. If we have a one-stop centre, managed by a person who is authorised to make a decision, this will be more effective because if we send a junior officer there, he will say he needs his boss’ permission. And things will take time to get done,” Dr Mahathir told a news conference that was also broadcast “live” back home on the internet.

He then voiced his confidence that a one-stop centre capable of making decisions will trigger a flood of investments as it makes business set up in the country a lot simpler.Dr Mahathir also said he is supportive of BRI and assured Malaysians that the plan is not one of Chinese domination, as everyone who participated in the meeting had an equal say to China, even if they are a representative of a smaller, less developed nation.

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Tun M Is definitely Going To The Right Path. Just bare with PH for A While More, Very Soon We Will see Malaysia to rise Again Thanks To Tun M For All The Effort. You Are The Best.👍👍

Good job Dr. M

Save the Uyghurs.

Thought you already had that in MIDA?

Great idea... WIN WIN for both countries.. chedetofficial realXi_Jinping

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