(Agencies)
Updated: 2007-12-26 10:00

Pemudah, a panel to facilitate business comprising private and public sector officials, says efforts are being made to rectify Malaysia's weaknesses.

"It is a matter of procedures and how we can shorten them," said Yong Poh Kon, who co-chairs the panel.

And some critics say there are other pressing issues raised by investors, including a requirement that listed firms be owned 30 percent by "Bumiputras" (sons of the soil) who are Malays or indigenous people under the affirmative action policy.

"If the government is serious about facilitating rather than imposing barriers for foreign investors we must actually address fundamental problems," said opposition politician Lim Guan Eng.

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