The Government will continue to address business related issues in an expeditious manner. The Government, through PEMUDAH, is currently implementing many new measures to further facilitate business in Malaysia, including:
• establishment of the Kuala Lumpur Commercial Court by end 2009 to speed up resolution of commercial disputes;
• implementation of MyCoID, a standardised identification number to be adopted for companies dealing with all Government agencies;
• preparing a ‘Guidebook on Industrial Relations’ to provide guidelines on hiring and firing of workers; and
• compiling an ‘Asset Search Directory’ that contains organisations and agencies that assist in identifying and tracing company assets to facilitate closing businesses.
Malaysia’s reform initiatives have resulted in improvements in the public service delivery system. These improvements are reflected in the World Bank’s ‘Ease of Doing Business Index’ where Malaysia moved from 24th place in 2008 to 20th place in 2009 and also in the IMD World Competitiveness Rankings, where Malaysia progressed from 19th position in 2008 to 18th position in 2009. Despite these overall improvements, MITI believes that much work remains to be done in many areas and efforts to address Government efficiency issues will be pursued.
• establishment of the Kuala Lumpur Commercial Court by end 2009 to speed up resolution of commercial disputes;
• implementation of MyCoID, a standardised identification number to be adopted for companies dealing with all Government agencies;
• preparing a ‘Guidebook on Industrial Relations’ to provide guidelines on hiring and firing of workers; and
• compiling an ‘Asset Search Directory’ that contains organisations and agencies that assist in identifying and tracing company assets to facilitate closing businesses.
Malaysia’s reform initiatives have resulted in improvements in the public service delivery system. These improvements are reflected in the World Bank’s ‘Ease of Doing Business Index’ where Malaysia moved from 24th place in 2008 to 20th place in 2009 and also in the IMD World Competitiveness Rankings, where Malaysia progressed from 19th position in 2008 to 18th position in 2009. Despite these overall improvements, MITI believes that much work remains to be done in many areas and efforts to address Government efficiency issues will be pursued.
No announcement for today.