All laws are published and major policies are widely publicised. The objectives of the Programme are, among others, to cut red tape, deregulate and transfer services out of the public sector to the business sector where appropriate market conditions prevail. Our aim is to eliminate and simplify regulations which hinder our ability to innovate and grow, and to provide a more open and fair environment to achieve growth and improve competitiveness, while maintaining the necessary standards and disciplines. We are taking forward the Helping Business Programme with advice from a Business Advisory Group which comprises a mix of prominent local businessmen and senior Government officials. We set up in April 1997 the Business and Services Promotion Unit, a dedicated organisation, to assume responsibility for implementing the Programme.
Action is in hand to implement the recommendations.
A brief description of these studies is at the Attachment. Helping Business Programme Studies Completed Study Study Objectives 1. Methods of payment and collection for business transactions To improve services to the business sector by reviewing the current methods and practices of payment and collection for business transactions 2.