THE government will create a database containing information about micro, small and medium enterprises registered under 66 agencies and institutions in the country.

Deputy Prime Minister Ahmad Zahid Hamidi said the decision made at the 2023 National Entrepreneur Development and PMKS Council meeting today aims to ensure proper data sharing and information coordination.

“It is to ensure that any form of training, monitoring, loans and grant funds can be coordinated so there is no overlap,” he said after chairing the meeting at the Parliament today.

He said it was also decided in the meeting that entrepreneurs in Sabah and Sarawak should be given priority to develop their talent and potential. This will include providing sufficient funds to carry out entrepreneur creation programmes and simplifying the registration process.

Zahid, who is also rural and regional development minister, said the coordination of vendor entrepreneurs must be done to ensure that the country’s achievement in the micro, small and medium enterprise sector is higher than the current 37% rate.

He added that an e-commerce network was needed to create a new market for products and services produced by the sector. – Bernama, March 30, 2023.