Malaysia must tackle red tape, corruption to remain an FDI hotspot

[superadmin]

PETALING JAYA: Malaysia needs to address issues relating to bureaucratic red tape and wastages to regain its lustre as a top investment destination in the region, said economists.

“The complex network of rules and bureaucratic procedures can often discourage potential investors,” said Goh Lim Thye, an economics lecturer at Universiti Malaya.

“Making one’s way through a maze of required approvals, permits and licences is not only time-consuming but also expensive.”

Goh said for Malaysia to return to its “glory days of attracting foreign investors”, the nation must refine its value proposition, and continuously strengthen its educational and infrastructural base.

- More -