Outdated Rules for Business and Economy to be Repealed

The National Competitiveness Council (NCC) has begun implementing Project Repeal, a program that aims to clean up regulations and legislation by revoking provisions or rules which are no longer necessary or which may be detrimental to the economy. Patterned after similar initiatives in Australia, South Korea and the UK, the program will focus on reducing the cost of compliance for businesses and entrepreneurs, as well as the cost of administration and enforcement for the government. For its initial stage, NCC will review…

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