SSM opens doors to budding entrepreneurs

Hamzah (centre) admiring some of the local delicacies for sale.

Hamzah (centre) admiring some of the local delicacies for sale.

KUCHING: Local entrepreneurs, particularly online-based ones, are encouraged to register themselves with the Companies Commission of Malaysia (SSM) to gain access to information, training and assistance.

Minister of Domestic Trade, Cooperatives and Consumerism (KPDNKK) Dato Hamzah Zainudin said that an alternative for small and medium enterprises was to register under the limited liability partnership (PLT).

“PLT combines the characteristics of a company and a conventional partnership. There is no need for shares or formal annual general meetings. There is a flexibility in decision-making and once the entrepreneurs register themselves as business entities, they will have access to information, training and assistance provided by the federal or state government,” he told a press conference after officiating at the Online Networking Entrepreneurs Carnival 2015 at Plaza Merdeka yesterday.

Hamzah pointed out the importance of information sharing for entrepreneurs, which should encourage them to register as PLT with SSM.

“The sharing of information is very critical to ensuring the success of our entrepreneurs. PLT has been around since 2012 and there are 6,363 PLT registered with SSM as of October this year.

“These are just figures of those who registered with SSM. For Sarawak, entrepreneurs can register their businesses with the Inland Revenue Board (LHDN) and local councils, so the figures could be more.

“About 1,000 have registered with SSM since the first day of this carnival,” he said, adding that they are targeting 90,000 entrepreneurs to be registered in the state without mentioning the time frame for the target.

Earlier in his speech, Hamzah said the best way to manage innovations and creations was by registering with SSM.

“We are a caring ministry that always provide opportunities, guidance and knowledge to ensure the success of the people.

“If people are successful, they contribute to their families as well as to the national economy,” he noted.

Meanwhile, Entrepreneur Development assistant minister Datuk Mohd Naroden Majais urged online-based entrepreneurs who have yet to register their businesses to take this opportunity to do so.

“Online entrepreneurs are increasing in Sarawak, particularly among the IT-savvy young people. Online business is not only about selling own products but also other people’s products.

“It is an effective way to do business as it has wide coverage and is fast,” he said.

However, Naroden noted that there are also many unregistered entrepreneurs in the state who are still in the cottage industry, especially in the rural areas.

“We want to capture more of this group and encourage them to register themselves via SSM, IRB or local councils so that they will reap the benefits and assistance available that will help them develop further,” he said.

During the event, Hamzah presented a social media fund to four enterprises.

Among those present were KPDNKK secretary-general Dato Sri Alias Ahmad, SSM chief executive officer Dato Zahrah Abdul Wahab Fenner, SSM commission member Abdullah Saidol and others.

The three-day carnival that started on Friday is aimed at gathering conventional entrepreneurs and online entrepreneurs under one roof so that they are aware of the various facilities, training and other information about entrepreneurship.

There is also an exhibition and seminars by successful entrepreneurs and other side events.

Today will see a success story sharing session by Elfira Loy on the secrets to success as an Internet entrepreneur at 10.30am along with a seminar on getting business financing at 1.30pm, among other activities.

Hamzah (left) samples a dessert made by a local entrepreneur, accompanied by Naroden (second right) and others. —  Photos by Jeffery Mostapa

Hamzah (left) samples a dessert made by a local entrepreneur, accompanied by Naroden (second right) and others. — Photos by Jeffery Mostapa

Hamzah (sixth right) posing with recipients after presenting them with the Social Media Fund grant.

Hamzah (sixth right) posing with recipients after presenting them with the Social Media Fund grant.

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Source: http://miri.my/2015/11/14/ssm-opens-doors-to-budding-entrepreneurs/