Malaysia to Simplify Investment Bodies to Boost Ease of Business

Kuala Lumpur, Malaysia

Photographer: Samsul Said/Bloomberg

Malaysia is working on streamlining the roles of its investment promotion agencies to improve the ease of doing business in the country and speed up business approvals, according to the Trade Minister Zafrul Abdul Aziz.

The trade ministry’s goal is to provide investors with a “simple journey” by defining clear roles and responsibilities for each approving authority, Zafrul said at joint venture announcement between Malaysian carmaker Proton and Aapico Hitech on Monday.