Perlis restructures its investment approval process, cutting wait times from months to faster decisions, while prioritising financially strong companies.
KANGAR: The approval process for investments in Perlis will be restructured to significantly shorten the waiting period.
State Menteri Besar Abu Bakar Hamzah said the previous timeline of two to three months will be reduced for faster decisions.
“We want a decision to be made more quickly, either in granting approval or informing investors of their ineligibility,” he told reporters.
He stated that investor selection will prioritise companies with strong finances and clear strategic planning.
Abu Bakar emphasised the state’s commitment to investor-friendly and business-friendly policies.
He described investors and traders as strategic partners in the state’s development.
A more progressive and solution-oriented approach is needed across the state government machinery.
“This development requires an efficient, fast, and integrated working machinery,” he said.
He also called for strengthened discipline among civil servants to boost economic growth.
This includes stopping the practice of leaving office premises for drinks during working hours.
Meanwhile, the state government has received an allocation of RM657.58 million for this year.
The funding falls under the 13th Malaysia Plan (MP13).
