Accelarating National Transformation through Good Regulatory Practice
KUALA NERUS – In line with the goverment’s initiative to accelerate national transformation agenda towards high income economy, Malaysia Productivity Corporation (MPC) in collaboration with Universiti Sultan Zainal Abidin (UniSZA) is organising International Conference on Law and Globalisation (ICLG 2019) to bring a cultural change in improving the Goverment’s delivery system through reducing regulatory constraints.
Menteri Besar of Terengganu, YAB Dato’ Seri Ahmad Samsuri Moktar said besides to improve the quality of the regulatory proposals the events also helps to foster a business-friendly evironment that can attract more private investments.
He added the main objective of the conference is to promote Good Regulatory Practice (GRP) and ensure that all new regulations introduced or review to existing regulations are able to be implemented precisely and comprehensively.
“Better regulation is the result of a sound policy development and good regulatory design processes that creates the climate for a competitive and productive economy”
“On other hand, regulation can also impose administrative and compliance burdens on business, consumers, government and community,” he said.
He said the Terengganu state has and will always be supportive of agendas, programmes and events related to the GRP since 2014.
“The initiatives to improve regulatory delivery in Terengganu such as Modernising Business Licensing, Dealing with Construction Permits, one-piece flow land office project and Regulatory Mapping have benefited businesses and rakyat of Terengganu in line with the titah Sultan of Terengganu to reduce cost of Doing Business in Terengganu to attract more investment,” he said during his speech, today.
Meanwhile, Director General of MPC, Dato’ Mohd Razali Hussin sad under GRP, regulatory activities such as Modernising Business Licensing (MBL), Regulatory Impact Analysis (RIA), Cutting Red Tape (MyCURE), Reducing Unnecessary Regulatory Burden (RURB) and removing Non-Tariff Measures (NTMs) that impede business growth were implemented to ensure reforms.
“MPC, with the assistance of State Legal Advisor office and UniSZA will facilitate the state government to develop Terengganu’s Good Regulatory Practice Policy to ensure productivity and low compliance cost to do business in Terengganu remain the forefront of state government policies”
“Poor regulation can cause frustration and adding red tape will give nothing useful to the Terengganu economy and rakyat of Terengganu. Adherence to the regulations is a must, so by giving access, these regulations to business and rakyat, it will definitely improve transparency and integrity”, he said.
Among those who attended the program were Acting Deputy Vice Chancellor (Research and Development), Prof Dr. Mohd Afandi Muhamad and State Secretary of Terengganu, YB Dato’ Haji A. Rahman Yahya.