The COVID-19 pandemic has brought an unprecedented economic impact globally. As businesses resume operations, it is crucial to optimize productivity to ensure business sustainability. However, unnecessary regulatory burdens can slow down recovery and growth.
Acknowledging how serious this is, the government is committed in minimising the economic impact by assisting businesses burdened by unnecessary regulations, with the #MyMudah initiative.
The purpose of #MyMudah is simple yet crucial; to identify, review and remove business regulations that no longer make sense. This initiative is expected to lessen business compliance cost, create more job opportunities and stimulate the economy.
Businesses in Malaysia are spending approximately RM40 billion on regulatory compliance cost. Upon its implementation, #MyMudah is expected to reduce it by 25%, generating around RM10 billion in savings for businesses, following the reduction in regulatory burden and compliance costs. This would mean more productive hours, better use of expenses and a more conducive business environment for economic growth.
As a first step, we need your voice! If you are a company or business owner, you can forward and highlight your regulatory issues through the Unified Public Consultation (UPC) Portal besides taking part in dialogues organised by EAC and MPC. The highlighted issues will then be analysed by the Business Facilitation Action Team (PEMUDAH) and escalated to the EAC meetings to be assessed before a decision is made.
The decisions made at the EAC meetings will be implemented by ministries and state governments. These decisions may include temporarily or permanently abolishing, modifying, waiving or exempting regulations that are unnecessarily burdensome to businesses, as well as simplifying procedures and shortening processing time to facilitate ease of doing business.
To ensure measurable outcome, PEMUDAH will monitor the performance of every ministry and state government by making periodic reports to the EAC.
Wish to be part of the solution? Company and business owners who are burdened with unnecessary regulations can forward the issues they face through the Unified Public Consultation (UPC) Portal.
Click here for direct link to submit your feedback.
Alternatively, you may follow these steps.
Step 1: Visit UPC Portal at https://upc.mpc.gov.my
Step 2: In the ‘Ongoing Consultations’ list, select the MalaysiaMudah (#MyMudah) submission paper
Step 3: Select ‘How to Submit Your Response”
Step 4: Complete the form and submit
No. There is no financial payment/ fee for submitting feedback.
For more information, you may email us at firstname.lastname@example.org
Want to know more about #MyMudah. Hit the subscribe button!