Economy Minister Rafizi Ramli speaks at the 2024 OECD Economic Surveys Malaysia at the Putrajaya International Convention Centre on August 27, 2024. — Picture by Firdaus LatifPUTRAJAYA, Aug 27 — Putrajaya plans to introduce a Government Efficiency Commitment Act to address legislative and procedural challenges faced by micro, small, and medium enterprises when interacting with the government.
“We’re all aware that the regulations, especially those involving businesses in Malaysia, can be lengthy compared to other countries that are more agile and quicker. The OECD stands for Organisation for Economic Co-operation and Development, of which Malaysia is a member. “For every regulation removed, one will be introduced, and it will eventually become a key policy to help MSMEs scale up,” he said.