NATIONAL POLICY ON GOOD REGULATORY PRACTICE, AN AFFIRMATIVE REGULATORY REFORM EFFORT TOWARDS BETTER BUSINESS ENVIRONMENT

PETALING JAYA, July 16 (Bernama) -- The Malaysian Government is strengthening the regulatory reform agenda through the National Policy on Good Regulatory Practice (NPGRP) which has been approved by the Chief Secretary to the Government on 22 June 2021. Implementation of NPGRP is expected to boost national productivity level and global competitiveness, which in turn may garner better economic growth and foreign investments.

Malaysia Productivity Corporation (MPC), an agency under the Ministry of International Trade and Industry (MITI) has been mandated to promote and support the implementation of NPGRP which includes undertaking outreach & promotion and providing advisory and training to assist regulators in complying with the national policy. MPC has also been the overseeing body for continuous regulatory reform efforts in Malaysia.

Dato’ Abdul Latif Haji Abu Seman, MPC Director General said, “NPGRP is a significant milestone for Malaysia’s journey in regulatory reform agenda. The national policy is expected to standardise and stabilise Malaysia’s regulatory environment as regulatory bodies are now instructed to align their practices to Good Regulatory Practice (GRP) as stated in Pekeliling Am Bilangan 1 Tahun 2021 effective 22 June 2021.”

NATIONAL POLICY ON GOOD REGULATORY PRACTICE, AN AFFIRMATIVE REGULATORY REFORM EFFORT TOWARDS BETTER BUSINESS ENVIRONMENT