Professional Documents
Culture Documents
BUSINESS REGULATIONS
& SUPPORT SYSTEM
Dr. Azizan Abdullah
Azlin Shafinaz Mohamad Arshad
Siti Zahrah Buyong
Zarina Abdul Munir
Introduction
Business support system refers to the assistance
and services given by the government or private
agencies to help entrepreneurs to start a new
business or to develop an existing one.
There are a lot of business support system
provided to the entrepreneur in term of monetary
and non monetary facilities.
Infrastructure Facilities
Industrial Estates
Industrial estates has been developed by State
Economic Development Corporations (SEDCs),
Regional Development Authorities (RDAs), port
authorities and municipalities.
Currently there were over 200 industrial estates
were developed by those agencies and the new
ones are continuously planned to meet the
demand of industrial land.
Telecommunication Services
Provided by Telekom Malaysia Berhad and other
network service providers.
There are six internet service providers which
include TMNet, Jaring and MAXIS Net whose
help the government to promote information
based industry.
Malaysias also entry into space age
communication through the launching of MEAST-1
and 2 and Tiungsat-1 in 1996 and 2000 respectively.
Financial Assistance
Financing is needed by
entrepreneur for sustainability and
development of business.
Purposes of Financing
1. Strengthening skills of workforce
2. Entrepreneur development
3. Marketing & Promotion
4. Product Development & Quality
accreditation
5. Technology development
6. Debt restructuring
7. General
Types of Financing
1. Soft loan
2. Grants
3. Equity financing
4. Venture capital
5. Guarantee scheme
6. Tax incentives
2.
Eligibility criteria
Individual Malaysian citizen aged between 18-40 years old
Must register online as an applicant through the Portal of
Majlis Penggalakan Ekonomi Belia (MPEB) www.mpeb.gov.my
Pass the screening test conducted by Ministry of Youth and
Sport
No adverse record with financial institutions
Purpose of financing
Expansion in productive capacity
Eligibility criteria
Business enterprise based on the definition of SMEs [Link]
www.smeinfo.com.my
Maximum shareholders' funds not exceeding RM2 million;
Shareholding by Public Listed Companies or Government-Link
Companies (if any) should not exceed 20%;
Purpose of financing
Expansion in productive capacity
SME Bank
Graduate Entrepreneurs Fund
Objective
To encourage graduates to participate and venture into
businesses in the selected industry.
Eligibility criteria
Graduate holds majority equity in a company registered with
the Companies Commission of Malaysia under the Companies
Act 1965
Has a diploma/degree/doctorate qualification
Must be below 40 years old and has successfully completed
training programmers, placement and practical training under
the Ministry of Entrepreneur and Co-operative Development
(MECD) or its agencies
Purpose of financing
Working capital
Financing fixed assets or both
Eligibility criteria
1. Young Bumiputera Graduate
- Less than 30 years old with at least diploma qualification from
institution recognised by the government.;
- Able to source own capital amounting RM500 for each project
2. Businesses
- Wholly-owned and managed by Bumiputera ;
EMPLOYMENT POLICIES
& LEGISLATION
1.
2.
3.
4.
Manpower
Development & Training
Facilities
MANPOWER DEVELOPMENT
& TRAINING FACILITIES
1.
2.
3.
4.
5.
3. HUMAN RESOURCE
DEVELOPMENT FUND
Aimed at encouraging direct private
sector
participation
in
skills
development was launched in 1993
with a grant form government.
Functions of HRDF are :
to assess and determine the types and
extent of employee training and retraining
in keeping with the human resources need
of industries
to promote and stimulate manpower
training
to determine the terms and conditions
(ii)
(iii)
1% of employees
monthly wages
Option of registering
with the HRDF and
paying a levy of 0.5% of
the employees monthly
(Note : For this category, the Government
contributes RM2.00 for every RM1.00 spent.) wages
4. MALAYSIA PRODUCTIVITY
CORPORATION
Formally known as the National Productivity Corporation
was established in 1962 as a joint project between the
United Nations Special Fund and the Federal
Government, with the International Labor Organization
acting as its executing agency.
Function of PMC are :
5. Malaysian Entrepreneurship
Development Centre (MEDEC)
Established within MARA University of Technology
(UiTM) in 1975.
The mission was to facilitate the growth of Bumiputera
entrepreneurs in Malaysia.
Specifically, it was set up for the purpose of planning
and implementing entrepreneurship development
programs such as training, education, research and
consultancy.
Activitie and programmes offered are :
Entrepreneur Development Program
Entrepreneur Development Program for Civil Service
Entrepreneur development program for Corporate and
Government Agencies
Other Business
Support System
Marketing
Services
Advisory
Assistance
Technical Assistance
Malaysian Agricultural Research and
Development Institute (MARDI)
The
Fisheries
Research
Institute
(FRI)
MIMOS Berhad
SIRIM Berhad
Marketing Assistance
The purpose of marketing assistance is to help
entrepreneurs distribute and market their products locally
and internationally. There are a number of agencies
involved such as MITI, MATRADE, FAMA and GUTHRIE.
Advisory Services
Advisory services are very important for entrepreneurs in
managing their business. There are many agencies
providing these services with certain charges depending
on the area and scope of the services. However, rebate
or tax reduction is given to certain services acquired
under the training scheme recognized by the Ministry of
Human Resources.
END OF MODULE 6