Malaysia: New govt portal to provide seamless business registration
The portal is designed to seamlessly handle licensing applications for the setting up of businesses, especially for small and medium enterprises (SMEs), and to give the local economy a competitive edge.
“Knowing the importance of a digital platform and SMEs, Mampu (Malaysian Administrative Modernisation and Management Planning Unit) had designed the portal MalaysiaBiz intending it to be a streamliner,” Muhyiddin said virtually from his office.
The main thrust of this initiative, undertaken by Mampu, is to digitise businesses.
Through MalaysiaBiz, Mampu can process 23 types of business applications and up to 105 licences from all government and state agencies in a single action. The portal also offers other services, including providing business data for market research, said Malay Mail.
Last year, SMEs contributed up to 25% of Malaysia’s GDP of RM1 (US$245 billion) trillion, and the government wants to boost this sector’s contribution to 50% of the country’s GDP by 2030. So far, it has injected billions of ringgit to stimulate these small businesses via various programmes.
Through MalaysiaBiz, Muhyiddin hopes more will set up businesses. “I hope you would take this opportunity, use the portal to register and set up businesses.”