Govt committed to putting business applications online and cutting red tape, says Hannah Yeoh

Government leader Hannah Yeoh affirmed the commitment to transitioning business applications online and reducing bureaucratic red tape, as reported by Bernama on September 26. The Malaysian government aims to eliminate unnecessary procedures, streamline administrative tasks, and enhance efficiency for businesses. By doing so, Hannah emphasized that businesses can save both time and money, while also minimizing opportunities for corruption.

At the Malaysia Retail Chain Association (MRCA) Installation and 34th Anniversary Night, Hannah highlighted that the government must adapt alongside businesses, ensuring that delivery systems are improved.

Hannah stated that the government will review processes and systems to enable a complete online transition for business applications, thereby alleviating the burden on entrepreneurs who currently waste time following up on status updates. Implementing practical changes, eligible Kuala Lumpur City Hall (DBKL) business licenses can now be renewed for up to three years, with discounts of five percent for a two-year renewal and 10 percent for three years.

Additionally, the government has reduced deposits for concerts and local shows in Kuala Lumpur by 70 percent to support the entertainment and events sector.

In response to the changing retail landscape, Hannah called on physical retailers to adapt to shifting consumer behavior by transforming malls into community hubs that provide dynamic food, culture, and entertainment experiences. To remain competitive, she urged traditional businesses to hire younger talent, as both youth and senior citizens are proficient in using e-wallets and online purchasing platforms.