KUALA LUMPUR, Jan 24 – Companies with Licensed Manufacturing Warehouse (GPB) status have managed to save up to RM200 million in operating costs annually following reforms introduced by the government in the clearance system for GPB in Malaysia
The reforms, made possible with active collaboration between the Royal Malaysian Customs Department (JKDM), the Malaysian Semiconductor Industry Association (MSIA), and the Malaysian Productivity Corporation (MPC) have reduced the processing time from three days to just one minute.
“The reforms carried out by JKDM not only reflect efficiency but also show the results that can be achieved when we respect and use time wisely,” said MPC director-general Zahid Ismail in a statement on Tuesday.
According to him, the operational cost savings include in terms of storage costs, compliance costs and increased efficiency in the handling in out of goods.
Zahid said fast, efficient and reliable delivery can also increase customer satisfaction in addition to fostering better relationships between companies and suppliers.
He said the positive image can attract new customers and business partners.
“Therefore, the reforms by JKDM allow companies to expand into new markets more easily, as they can rely on the efficient movement of goods across borders,” he said.
In September last year, MPC reported a system produced through a pilot project in Penang, known as SMARTGPB, which can speed up the approval period for the movement of goods for companies with GPB status.
Through the system, the approval period has been reduced from three days to just one minute.
