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BUSINESSMEN believe streamlining regulatory bodies and regulatory processes could help combat the inefficiencies and bureaucracy the Prime Minister complained about earlier in the week.

Chaguanas Chamber of Commerce president Baldath Maharaj said the business sector has always been concerned by inefficiencies, "as delays in approvals and inconsistent policy implementation have stifled investment and economic growth."

He said delays in obtaining approvals – whether for construction, business registration, import licenses, or other regulatory requirements – have long been a source of frustration for entrepreneurs and investors.