Business

Najib calls for government to speed up investments approval process

Published on 16 Jul 2020 8:05:45 PM

In times of low-investor confidence, former prime minister Datuk Seri Najib Razak said the Perikatan Nasional government plays an important role to recover the economy as well as provide more important job openings.

Najib, who is also Pekan MP, said this during his speech on the Royal Address in Parliament on Thursday (July 16), adding that this is the time for the government to simplify and speed up the approval process for any new investments or businesses for investors.

Meanwhile, the Former Finance Minister said the Perikatan government will need a bigger fiscal space to battle the economic impact brought by the Covid-19 pandemic, adding that this should not be raised by selling national stakes at times when asset values are low.

Najib also urged the government to immediately table a motion to increase the statutory debt limit of 55% to a higher rate.

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