PUTRAJAYA: Prime Minister Muhyiddin Yassin today launched the MalaysiaBiz portal which serves as a one-stop centre to facilitate online business registrations and licensing applications.
He said the portal developed by the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) was aimed at creating a trade-friendly environment to encourage competitiveness in the country and spur local economic growth.
“I urge entrepreneurs to take advantage of this opportunity. Do register and apply for your business licence through the MalaysiaBiz portal.
“Let us ensure the success of this initiative,” he said in his speech at the launch of the portal which was posted on the MAMPU Facebook page.
The prime minister said the portal was developed as the government realised the importance of digital platforms in businesses and the contributions from small and medium enterprises (SMEs) to the national revenue.
According to Muhyiddin, SMEs contributed 38.9% to gross domestic product (GDP) in 2019 compared with 38.3% in 2018 and are targeted to contribute 45% to GDP by 2025 and 50% by 2030.
He said with the trend to buy online these days showing that SMEs have the potential to grow rapidly, therefore measures to generate SME growth will continue to be given priority.
The prime minister added that the 2021 Budget tabled recently also showed that business continuity is one of the three main goals of the budget.
He said special attention was given to SMEs through fund assistance, training, digital equipment and grants, including an allocation of RM1 billion to boost digitalisation activities until Dec 31, 2023.
Muhyiddin said RM150 million was allocated for training and sales assistance programmes as well as digital equipment provision to 100,000 local entrepreneurs under the Micro and SME e-Commerce campaign.
A total of RM4.6 billion was also allocated to empower Bumiputera entrepreneurs and to provide special micro-credit financing through Tekun Nasional, Majlis Amanah Rakyat (MARA) and AgroBank for the benefit of women entrepreneurs.
“These efforts reflect the government’s commitment to boost SMEs and are consistent with the framework of initiatives in previous economic stimulus packages, such as the Penjana SME Financing Scheme and the Prihatin Special Grants to ease the burden on traders,” he said.
The MalaysiaBiz Portal (https://malaysiabiz.gov.my) is an online system that integrates 17 government agencies to enable traders to get services through one gateway.
The portal is part of efforts in sustaining public service delivery improvement in moving towards digital government, the result of a collaboration between MAMPU, the entrepreneur development and cooperatives ministry, and SME Corporation Malaysia.