Urgent.News

What's breaking now, across thousands of outlets.

Business

Infrastruktur perundangan penting pacu pembangunan ekonomi, kata Fadillah

Sistem penyelesaian pertikaian yang berkesan adalah sebahagian infrastruktur ekonomi kerana pelabur memerlukan keyakinan sebarang pertikaian akan dikendalikan secara adil.

Infrastruktur perundangan penting pacu pembangunan ekonomi, kata Fadillah

Timbalan Perdana Menteri Fadillah Yusof emphasized that strong infrastructure and robust institutions are vital in driving national economic development, particularly as Malaysia continues to attract investments in infrastructure, energy, technology, and advanced industries. He stated that an efficient dispute resolution system is part of economic infrastructure, as investors require confidence that any disputes will be handled fairly, impartially, and predictably, especially in cross-border matters.

Fadillah noted that as the importance of this issue translates into projects, contracts, and commercial activities, the need for effective dispute resolution increases. Consequently, infrastructure related to conflict resolution and our institutions must be developed alongside physical and digital infrastructure. The 2027 budget reflects the government's ongoing emphasis on economic resilience, infrastructure development, investment, and institutional reform in an uncertain economic environment.

Fadillah emphasized that institutional credibility is not solely dependent on laws and regulations; it must be proven through consistent management, unbiased decisions, and professional excellence. Meanwhile, the Minister of Prime Minister's Department (Laws and Institutional Reform), Azalina Othman Said, highlighted that Malaysia needs to strengthen its position as a reliable international ADR system by ensuring institutional freedom, administrative integrity, and continuous delivery.

She stated that a country's strength cannot be measured solely by the strength of its laws but also by the level of trust the world has in its institutions. According to her, in a global interconnected economy, businesses and investors not only seek commercial opportunities but also require legal certainty, institutional credibility, and confidence that disputes can be resolved fairly and efficiently.

This is why ADR is a critical juncture for international trade, and why Malaysia must continuously strengthen its position as a trusted global ADR hub.

Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at freemalaysiatoday.com →

More in Business

LS Marine Solution Starts Malaysia Cable Project

LS Marine Solution is expanding its overseas power grid business territory by entering the Malaysian submarine cable market, following its entry into Taiwan.

  • LS Marine Solution commences Malaysia submarine cable project
  • TNB awards Langkawi project to LS Cable & System
  • GL2030 vessel to lay 100km cables non-stop

GC Medical Science, Yuwell Target CGM Market

GC Medical Science is joining hands with Yuwell, a powerhouse in the Chinese medical device market, to target the continuous glucose monitoring (CGM) market. GC Medical Science announced on Oct.

  • GC Medical Science and Yuwell form strategic partnership.
  • Partnership aims to introduce CGM products to domestic market.
  • GC handles approvals, sales; Yuwell manages manufacturing.

More from Wednesday 14 October →