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A slowing economy needs smarter, not more, regulations
Measures that increase output costs and product prices should be avoided.
Smarter regulations should legalise ride-sharing services such as Grab and Uber rather than relegating them as pirate taxis in the hope of protecting traditional taxis.
FILE PHOTO
AS Asean countries seek closer economic integration by eliminating tariffs and boosting trade, some member nations have come up with more regulation that can slow down cooperation. There has been a four-fold increase in the number of non-tariff measures (NTMs) in Asean - from 1,634 to 5,975 -
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