PETALING JAYA, Oct 2 (Bernama) — A complete of 8,000 companies in Kuala Lumpur renewed their enterprise licences inside two months after a brand new multi-year renewal initiative was launched in July.
Minister within the Prime Minister’s Division (Federal Territories) Hannah Yeoh mentioned 704 companies opted for a two-year renewal, whereas 1,802 companies renewed their licences for 3 years.
“I’m completely happy to share that in simply two months, 8,000 companies in Kuala Lumpur renewed their licences for one yr. For a two-year renewal, they obtain a 5 per cent low cost, which 704 companies have opted for, whereas 1,802 companies selected a three-year renewal to take pleasure in a ten per cent low cost on their enterprise licence,” she mentioned.
She mentioned this at The Kuala Lumpur and Selangor Chinese language Chamber of Commerce and Business (KLSCCCI) 122nd Anniversary Dinner right here tonight, themed ‘Connecting Companies, Shaping Tomorrow’.
Hannah mentioned the initiative, which permits companies to resume licences for as much as three years, is a part of efforts to ease enterprise transactions with the federal government, noting that repetitive administrative processes take priceless time away from working a enterprise.
“This will likely sound like a small change, however should you run a enterprise, these items matter. Each further course of takes time away from working a enterprise.
“In case you have complied with the foundations, I don’t suppose the federal government ought to hold asking you to repeat the identical course of unnecessarily,” she mentioned.
In the meantime, KLSCCCI in addition to the Related Chinese language Chambers of Commerce and Business of Malaysia (ACCCIM) president Datuk Ng Yih Pyng welcomed the introduction of enterprise licence renewals for as much as three years by Kuala Lumpur Metropolis Corridor (DBKL).
He mentioned the measure not solely reduces repetitive administrative work, but additionally offers companies larger certainty to plan forward.
Ng mentioned the KLSCCCI has remained steadfast in its mission over the previous 122 years to unite the enterprise neighborhood, symbolize the voice of companies, foster business and industrial collaboration, and create a extra conducive atmosphere for enterprises to develop.
— BERNAMA
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