The Ministry of International Trade and Industry (Miti) has introduced #MyMudah program to address unnecessary and burdensome regulations impeding the recovery and growth of businesses in the current challenging economic climate due to the Covid-19 crisis.
Under this initiative, International Trade and Industry (MITI) Deputy Minister Datuk Lim Ban Hong said local businesses will be able to reduce regulatory compliance costs and invest in more job creations to stimulate the economy.
Since the launch of #MyMudah, 300 issues had been highlighted
“Through this initiative, policymakers, regulators or regulating bodies are encouraged to either abolish, review and temporarily or permanently waive certain regulatory requirements if they are found to be burdensome for businesses and hinder their economic growth.
He added that he’s looking forward to seeing more issues resolved under the #MyMudah initiative as this will enhance the ease of doing business for local industries and accelerate Malaysia’s economic recovery.
58% of issues are centred around services and 22% are centred on government policies
Since the launch of #MyMudah on July 20,2020 by the Malaysia Productivity Corporation (MPC), an agency under MITI, 300 issues had been highlighted by businesses through the Unified Public Consultation (UPC) portal.
58% of the total issues were about services, 22% about government policies, 9% on construction, 7% on agriculture, 3% on manufacturing and 3& on mining and quarrying.
“I would like to congratulate MPC and all the relevant stakeholders who came together to resolve these issues for the benefit of all businesses and Malaysians at large, ” said Lim.
He emphasised that one success of #MyMudah is the quick technical approval for completed construction projects. He further said MPC has also implemented various activities to engage with businesses in Malaysia.
“We would also like to invite businesses and other key stakeholders to work collaboratively with the government to reduce regulatory burdens by sharing their inputs on regulatory issues that are counterproductive.”
For more information please go to MPC official Facebook Page.