New company registrations outpace closures

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Citing statistics from SSM, Wan Junaidi said a total of 437,769 new companies were registered in 2020, including 131,139 new online companies, compared to 78,420 companies that closed.

Citing statistics from the Companies Commission of Malaysia , he said a total of 437,769 new companies were registered in 2020, including 131,139 new online companies, compared to 78,420 companies that closed.

“Those who embrace technology will flourish and those who don’t, will face difficulties, ” he said. He said the Ministry of Entrepreneur Development and Cooperatives would provide an end-to-end solution for entrepreneurs, from the informal and micro categories right up to those who were in the high-tech, high-capital categories.

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Are those roadside stalls registered with SSM as well. Thousands are sprouting up everywhere, occupying every little space available, from car parks to padangs & front of houses, etc. So much so that it's becoming a real nuisance to drivers, other shop & home owners

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