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14th March, 2010
KOTA KINBALU: Archaic business laws will soon be history, especially those laws that have not inspired healthy growth and economic prosperity for the country.
Disclosing this yesterday, the Deputy Minister of Law & Parliamentary Affairs in the Prime Minister’s Department, Datuk Liew Vui Keong, who is also the chairman of the Malaysia Law Reform Committee (MLRC ) said that “amongst its first mission this year will be to re-study and focus on archaic business and commercial laws that impede business growth and development.”
This announcement follows the recommendation made by the Prime Minister Datuk Seri Najib Tun Razak at its recent Cabinet meeting, which suggested that the MLRC make its study of the country’s archaic business-related laws, a top priority.
“The government is of the view that such laws need to be re-studied and updated to ensure that Malaysia becomes more business-friendly and conducive for creating real growth.
“Priority will be given to the updating of commercial laws, development laws and laws that are related to trading and commerce. Laws that could create problems to the business affairs in the country will undergo an appraisal for reform,” he said
Datuk Liew stated that the Government is very concerned with the people’s views and opinions on laws that hinder business growth, and will aim to secure the private sector’s crucial input for the MLRC’s action.”
“Towards this end the MLRC will review and update such laws and work together with other government agencies, as well as the special task force to facilitate business (PEMUDAH) in carrying out the initiative
“The Cabinet is of a similar view on archaic laws that involve land ownership that to date has been proven a hindrance and problematic to business,” he added.
He said: “I will be taking up this monumental task through discussions with the various government agencies that deal with these commercial laws, bringing to our attention their obsolescence. These archaic laws don’t augur well for business development.
“The MLRC will be also holding dialogues and discussions with a cross section of business communities for their collective views and suggestions for improved trading, general commerce and other business related activities.”
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