#MYMUDAH INITIATIVE EXPANDED TO FACILITATE DELIVERY OF 5,000 START-UPS AS TARGETED IN MALAYSIA DIGITAL ECONOMY BLUEPRINT (MYDIGITAL)

 PETALING JAYA, July 8 (Bernama) — Malaysia Productivity Corporation (MPC)has expanded the scope of #MyMudah initiative to collect and address regulatoryconcerns from start-up companies. The facilitation supports the government’saspiration to create at least 5,000 start-ups by 2025 and increased market entryfor new businesses as stipulated in Malaysia Digital Economy Blueprint (MyDigital).Start-up companies are strongly urged to register regulatory challenges impedingtheir business growth at http://mymudah.mpc.gov.my/. Addressing the legislativeissues relevant to start-ups is expected to ease their business operation in ensuringthat innovation does happen within a supporting business environment.

#MyMudah has so far collected more than 450 issues from various sectors via theUnified Public Consultation (UPC) portal. Regulatory concerns for the service sectorrecorded the highest number of issues registered at 62%, followed by theconstruction industry at 23.6%. Issues registered from the agriculture industry arecurrently at 8.2%, whereas from the manufacturing and mining & quarryingsectors are at 5.1% and 1.1% respectively.

Expanding #MyMudah scope to start-ups is expected to collect and identifyregulatory challenges specific to, among others, fostering innovation, establishingand running a start-up company, and conducting research and development.Through #MyMudah, MPC also hopes to uncover the extent of the unnecessaryregulatory burden faced by the existing technology-based businesses.

Dato’ Abdul Latif Haji Abu Seman, MPC Director General in a statement said, “Thepandemic has taught a lesson that innovation, technology, and digitalisation areinevitable in the current and future economic sphere. For start-ups and techcompanies to grow, the regulatory environment must be conducive and agile to fitthe very nature of tech evolution itself, which is rapid and very dynamic. MPCwould like to hear from the horse’s mouth, the problems your business face innavigating through regulatory process in managing your operation”.

“We do understand that most of our regulations and acts were designed during thetime when the internet and technology were relatively at the infancy in ourcountry. Some policies work yet others may require improvements. Knowing whichone affects businesses directly enable us to address the issues and designinterventions more effectively and accurately”. Start-up companies may register their regulatory concerns athttp://mymudah.mpc.gov.my/. Companies can share in detail the issues faced andpropose possible solutions to the challenges. Through #MyMudah portal,companies are also required to share information on the specific act, regulation, orguidelines which are burdensome for them to grow faster.

Source: Malaysia Productivity Corporation (MPC)

FOR MORE INFORMATION,
PLEASE CONTACT: Name: Nik Haneez Amizan Nik Rosdi
Tel:+6019-7181804
Email: nikhaneez@mpc.gov.my

–BERNAMA