KUALA LUMPUR, 19 February 2019 - InvestKL, The Ministry of Finance and The Royal Malaysian Customs Department, recently held a roundtable discussion to provide the 5Cs(clarity, certainty, consistency, continuity and confidence) on the ease of doing business to investors.

The roundtable was attended by over 40 participants from the European and American embassies and business chambers from Greater Kuala Lumpur. Representatives from a total of 18 countries attended the discussion including EU, Belgium, Norway, US, Italy, Spain, Hungary, Portugal, Sweden, just to name a few.

Participants found this roundtable beneficial as it provided insights and guidelines on the policies and other procedures relating to Royal Malaysian Customs Departments and Ministry of Finance.

“The roundtable’s main objective was to understand the various challenges from the industry players, represented by their Embassies and Business Chambers, and on the progress of their investments in Malaysia. We were able to achieve much more clarity and instill confidence from the discussion today,” said Datuk Zainal Amanshah, CEO of InvestKL, an agency under the Ministry of International Trade and Industry (MITI).

“Our ministry continues to emphasize on the 5Cs, re-enforcing the ease of doing business initiatives for multinationals operating in Malaysia. We will be organizing more interactions and dialogues with industry players and agencies to continuously provide better clarity and confidence to our investors,” adds Zainal.

Also present at the event were Dato’ Ooi Kok Seng, Special Officer to the Minister of Finance and Dato' Sri Subromaniam Tholasy, Director General of Royal Malaysian Customs Department.