Latest news with #RM1.776
The Sun
4 hours ago
- Business
- The Sun
Malaysia ministries cut red tape, boost efficiency in film and trade sectors
KUALA LUMPUR: The Ministry of Communications has been lauded for streamlining foreign film script approvals, cutting processing time from 30 days to just seven, saving RM2.4 million per production. The achievement earned the ministry a special certificate of appreciation for reducing bureaucratic red tape. Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar highlighted the impact of these reforms, stating, 'This enhances Malaysia's competitiveness as a preferred destination for international film production.' The certificate was presented to the ministry's secretary-general, Datuk Mohamad Fauzi Md Isa, at a ceremony in Putrajaya yesterday. Two other ministries were also recognised. The Ministry of Housing and Local Government (KPKT) improved approval times for Electric Vehicle Charging Bay Plan Certifications, reducing the process from 28 days to three. The Fire and Rescue Department (JBPM) further expedited non-system-based technical plan certifications, cutting approval time from 30 days to seven. Shamsul Azri noted, 'Streamlined procedures and the e-Premis system upgrade saved RM1.776 million annually.' Meanwhile, the Ministry of Investment, Trade and Industry (MITI) facilitated financing in the aerospace sector, generating RM17 million in savings for 50 SMEs while boosting production capacity by 30 percent. Automation and certification also increased gross profit margins by over 20 percent. KPKT secretary-general Datuk Noor Azman Taib and MITI senior director M Punitha Veni received the awards on behalf of their ministries.
New Straits Times
4 hours ago
- Business
- New Straits Times
Communications Ministry, two others recognised for cutting red tape
KUALA LUMPUR: The Communications Ministry is among three ministries recognised for successfully implementing reforms to reduce bureaucratic red tape, earning a special certificate of appreciation for the achievement. Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar said the ministry significantly improved the approval process for foreign film scripts, reducing the timeline from 30 days to just seven, resulting in regulatory cost savings of up to RM2.4 million per production. "This, in turn, enhances Malaysia's competitiveness as a preferred destination for international film production," he said in a Facebook post yesterday. The ministry's secretary-general, Datuk Mohamad Fauzi Md Isa, received the special certificate from Shamsul Azri at a ceremony in Putrajaya on Tuesday. Another ministry recognised for its achievement is the Housing and Local Government Ministry, where reforms were driven through the Fire and Rescue Department, which successfully reduced the approval time for Electric Vehicle Charging Bay Plan Certifications from 28 days to just three. He said the department also expedited the approval process for non-system-based technical plan certifications, reducing it from 30 days to just seven. "This was achieved through streamlined procedures and the strengthening of the e-Premis system and development of a central data repository, resulting in annual regulatory cost savings of RM1.776 million," he said. Meanwhile, the Investment, Trade and Industry Ministry (MITI) successfully reduced barriers to financing in the aerospace sector, generating RM17 million in regulatory savings for 50 small and medium enterprises by boosting production capacity by up to 30 percent. "Gross profit margins increased by over 20 percent through automation and certification, further strengthening the supply chain and creating more high-skilled jobs. Reforms are being intensified and improvements accelerated," he said. Housing and Local Government Ministry secretary-general Datuk Noor Azman Taib and MITI Strategic Planning Division senior director M. Punitha Veni, received the certificates on behalf of their respective ministries. – Bernama
Barnama
11 hours ago
- Business
- Barnama
Communications Ministry Among Three Ministries Recognised For Cutting Bureaucratic Red Tape
GENERAL KUALA LUMPUR, June 25 (Bernama) -- The Ministry of Communications is among three ministries recognised for successfully implementing reforms to reduce bureaucratic red tape, earning a special certificate of appreciation for the achievement. Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar said the ministry significantly improved the approval process for foreign film scripts, reducing the timeline from 30 days to just seven, resulting in regulatory cost savings of up to RM2.4 million per production. "This, in turn, enhances Malaysia's competitiveness as a preferred destination for international film production," he said in a Facebook post today. The Ministry's secretary-general, Datuk Mohamad Fauzi Md Isa, received the special certificate from Shamsul Azri at a ceremony in Putrajaya yesterday. Another ministry recognised for its achievement is the Ministry of Housing and Local Government (KPKT), where reforms were driven through the Fire and Rescue Department (JBPM), which successfully reduced the approval time for Electric Vehicle Charging Bay Plan Certifications from 28 days to just three. He added that JBPM also expedited the approval process for non-system-based technical plan certifications, reducing it from 30 days to just seven. 'This was achieved through streamlined procedures and the strengthening of the e-Premis system and development of a central data repository, resulting in annual regulatory cost savings of RM1.776 million,' he said. Meanwhile, the Ministry of Investment, Trade and Industry (MITI) successfully reduced barriers to financing in the aerospace sector, generating RM17 million in regulatory savings for 50 small and medium enterprises by boosting production capacity by up to 30 percent. 'Gross profit margins increased by over 20 percent through automation and certification, further strengthening the supply chain and creating more high-skilled jobs. Reforms are being intensified and improvements accelerated,' he said.
