Minister: Existing regulations too rigid for growing startups


  • Business
  • Wednesday, 10 Jul 2019

Redzuan: These companies needed space to grow, but these regulations are hindering it. — Bernama

KUALA LUMPUR: The existing regulations to support entrepreneur growth is too rigid and time-consuming, causing the country to lose some talents to foreign countries.

Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof said due to this hindrance, his ministry would be reviewing the existing regulations especially in the funding needed by startups.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Pavilion REIT’s 1Q net profit rises to RM83.2mil
Martijn Rene van Keulen to helm Heineken Malaysia from July 1
OCK proposed RM500mil ICP programme
Profit-taking in the market, KLCI down 0.14%
EPF balancing between retirement mandate and supporting members' economic survival
Asian stocks hit by US tech slide, FX subdued
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks

Others Also Read