KUALA LUMPUR: Malaysia remains one of the leading business-friendly nations in the world despite a drop in the World Bank 'ease of doing business 2017' ranking. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia continues to be recognised for its business-friendly policy and competitive economy. The weaknesses highlighted in the report released worldwide on Wednesday will be addressed through greater public-private collaboration. “As at September 2016, a total of 154 regulatory proposals were received from ministries and agencies for Malaysia Productivity Corporation’s assessment. Pemudah's focus group on resolving insolvency, meanwhile, is undertaking initiatives to expedite the tax clearance letter and the court order.

Source: New Strait Times October 26, 2016 14:48 UTC