THE BUSINESS TIMES

December 2, 2013 10:01 AM

43 0

[KUALA LUMPUR] Malaysia will do all it takes to move up in the next World Bank rankings for ease of doing business when it embarks on an ambitious plan to improve efficiency in dealing with construction permits.

It is targeting a top-20 spot in terms of dealing with construction permits, Malaysia's Business Times reported.

Although Malaysia has jumped to 43rd position in the 2014 rankings from 96 the previous year, its ranking is the lowest when compared to nine other categories - starting a business (ranked sixth), getting electricity (21st), registering property (35th), getting credit (first), protecting investors (fourth), paying taxes (36th), trading across borders (fifth), enforcing contracts (30th) and resolving insolvency (42nd).

A fast-track channel will take shape by the middle of next year, and in a pilot project launched recently under the KLIS BEST system, Kuala Lumpur will be the first city in Malaysia to implement the full set of regulations which will see less dependence on local authorities.

Source: businesstimes.com.sg

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