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

PETALING JAYA, Sept 26 — Prime Minister's Department (Federal Territories) Minister Hannah Yeoh pledged the government's commitment to transitioning business applications online and streamlining administrative processes. During the MRCA Installation and 34th Anniversary Night, Yeoh emphasized that reducing unnecessary procedures will alleviate the bureaucratic burden on businesses, enhancing time and cost efficiency while minimizing corruption risks.

At the event, she stated that while businesses must adapt and improve, the government must also enhance its own delivery systems. "I may not have the money to put cash in your hands, but I promise to review and cut out corruption, to cut out unnecessary processes so that you can save money and time, and make business easier for everybody. You have enough challenges dealing with the online business and global trend," she said.

Yeoh highlighted recent practical administrative changes, such as the option for Kuala Lumpur City Hall (DBKL) business licenses to be renewed for up to three years, with discounts of five per cent for two-year renewals and ten per cent for three-year renewals. In the entertainment and events sector, she announced a 70 per cent reduction in deposits for concerts and local shows in Kuala Lumpur.

To adapt to the evolving retail landscape, Yeoh encouraged physical retailers to transform malls into community hubs offering diverse food, culture, and entertainment experiences, stressing the importance of compelling reasons for consumers to visit and stay amidst the dominance of online shopping. She also advised traditional businesses to embrace younger talent to facilitate digitalisation, noting the active involvement of both youth and senior citizens in e-wallets and online purchasing platforms.