"Reinforcing Investor Trust"
Info: Through the role of the Ministry of Investment, Trade and Industry (MITI), this initiative is committed to fostering a clean and transparent business ecosystem by addressing systemic corruption risks that undermine economic competitiveness and investor confidence.
Initiatives:
Enhancing Transparency and Ease of Doing Business
Introduction of the ESG Quick Guide for Micro, Small, and Medium Enterprises (MSMEs) to promote sustainable business practices.
Upgrade of the Business Licensing Electronic Support System (BLESS), Next Generation to simplify licensing processes.
Implementation of the Express Construction Permit (E10) to speed up approvals for construction-related investments.
Establishment of the Invest Malaysia Facilitation Centre (IMFC) as a one-stop centre to streamline and expedite investment-related procedures.
Ongoing reviews and assessments of Free Trade Agreements (FTAs) and Inter-Governmental Agreements (IGAs) to improve Malaysia’s global competitiveness.
Promoting Good Governance and Anti-Corruption
Active promotion of governance and anti-corruption messages via official MITI communication channels, including the Invest Malaysia portal and international engagements.
Transformation of the Malaysian Investment Development Authority (MIDA) into a lead agency that champions integrity-based investment promotion together with the implementation of the i-ESG Framework among manufacturers.
Support for financial literacy awareness programmes, led by Bank Negara Malaysia (BNM), to encourage ethical financial practices and sustainable economic growth.