Red tape a major factor in failing to attract FDIs

Red tape a major factor in failing to attract FDIs - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Red tape a major factor in failing to attract FDIs, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

It has been reported over and over again that Malaysia is no longer on the radar of foreign investors. Although the international trade and industry minister (Miti) denied this, figures on foreign direct investment (FDI) are shown to have declined tremendously.In fact, many multinationals operating here are also moving out to Indonesia, Thailand and Vietnam, where the overall production costs are said to be much lower.This dynamic production environment has and will displace Malaysia as one of the preferred investment countries even further.Where and how did we go so wrong?Red tape or bureaucratic processFor a long period of time, Malaysia has not looked at business reforms. Within this reform framework, deregulation is one of the key components.What it means is that we have not studied deregulation and looked at ways on how to set the market free from regulations or governmen…