Prime Minister Muhyiddin Yassin at the virtual launch of the MalaysiaBiz portal today.
“I urge entrepreneurs to take advantage of this opportunity. Do register and apply for your business licence through the MalaysiaBiz portal. According to Muhyiddin, SMEs contributed 38.9% to gross domestic product in 2019 compared with 38.3% in 2018 and are targeted to contribute 45% to GDP by 2025 and 50% by 2030.
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.
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