Malaysia: MPC calls for effective regulation

• Nov 11, 2020

KUALA LUMPUR: Implementing Budget 2021 during the Covid-19 pandemic is challenging due to uncertainty as business as usual will no longer work and regulators will need to assist businesses with effective regulation as part of the new norms.

Malaysia Productivity Corp (MPC) director-general Datuk Abdul Latif Abu Seman said effective regulation is needed to drive investments, strengthen strategic sectors, particularly medical devices, e-commerce, logistics and education technology, as well as improve access to financing.

“We need to ensure our economy continue to grow, with job creation and business continuity during this period of intense uncertainty, ” he said in a statement.

From the perspectives of improving public policy, he said Malaysia’s good regulatory practices agenda continues to be relevant to restore economic growth, enhance productivity and competitiveness. — Bernama

Source: https://www.thestar.com.my/business/business-news/2020/11/11/mpc-calls-for-effective-regulation