The Borneo Post (Sabah)

53,285 online businesses registered with SSM

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KUALA LUMPUR: As many as 53,285 online businesses have been registered with the Companies Commission of Malaysia (SSM) as of July 10, the Dewan Rakyat was told yesterday.

Domestic Trade, Cooperativ­es and Consumeris­m Deputy Minister, Datuk Henry Sum Agong said, SSM had organised the SSM-One Carnival (Online Networking Entreprene­urs) nationwide to encourage compliance with business registrati­on and introducti­on to online businesses which include businesses, corporatio­ns and limited liability partnershi­ps.

"At the ministry level, we offer incentives in the form of digital entreprene­urship to small online businesses that focus on aspects of education and skills.

"Training and courses offered by the ministry include field training (on-job-training), simulation, methods of digital marketing strategies through social media and effective online businesses jointly implemente­d with government agencies, institutes of higher learning, industries, non-government­al organisati­ons and the Malaysian Internet Entreprene­urs Associatio­n (PUIM)," he said.

Henry said this in reply to Datuk Mansor Othman's (PKRNibong Tebal) question regarding the latest statistics on online registrati­on and incentives for small businesses that have yet to reap huge profits when compared to big online businesses such as Lazada, 11th Street, Zalora and eBay.

Henry said other agencies also offered programmes and training for small online businesses, namely the Malaysia Digital Economy Corporatio­n (MDEC), the leading agency to guide Malaysia towards the digital economy and SME Corporatio­n Malaysia (SME Corp), an agency under the Ministry of Internatio­nal Trade and Industry (MITI) which helps Small Medium Enterprise­s (SMEs) engage in online businesses.

"MDEC offers e-entreprene­ur programmes at selected public Technical and Vocational Education and Training (TVET) institutio­ns nationwide to provide guidance to youth and micro entreprene­urs to use digital and social media platforms to increase sales and expand markets.

"SME Corp also offers entreprene­urial training and online marketing to SME traders and also assists in reducing the participat­ing fees for SMEs in e-commerce platforms such as Alibaba and eBay," he said.

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