Hannah Yeoh: 8,000 KL businesses renew licences in two months under streamlined system

PETALING JAYA, Oct 3 — Kuala Lumpur's Ministry for the Prime Minister's Department (Federal Territories) announced that 8,000 businesses renewed their business licences in just two months, thanks to a streamlined renewal system introduced in July. Minister Hannah Yeoh disclosed that 704 businesses opted for a two-year renewal, while 1,802 businesses renewed their licences for three years.

A two-year renewal entitles businesses to a 5% discount, while a three-year renewal grants a 10% discount. This initiative is part of efforts to simplify business transactions with the government by eliminating repetitive administrative processes, which can consume valuable time. Yeoh emphasized that such seemingly minor changes can significantly impact businesses.

KLSCCCI and ACCCIM president Datuk Ng Yih Pyng also endorsed the initiative, highlighting that it reduces administrative workload and provides businesses with long-term planning certainty. The 122-year-old KLSCCCI has consistently strived to unite the business community, represent the interests of businesses, foster collaboration, and create an environment conducive to enterprise growth.