Kuala lumpur: The Companies Commission of Malaysia (SSM) organised the 2025 SSM North Zone InfoSession Programme today to strengthen governance, enhance compliance literacy and support the development of a more transparent and sustainable business ecosystem.
According to BERNAMA News Agency, the programme, attended by over 200 participants from various government agencies, local authorities, the corporate sector, and individuals involved in business data management and regulation compliance, was also used as a platform to introduce SSM’s three latest products.
The newly introduced products include the Electronic Beneficial Ownership System (e-BOS), which is designed for updating beneficial ownership information as mandated under the Companies Act 2016 and the Limited Liability Partnerships (LLP) Act 2012. Another product is e-Advertisement, the official platform for advertising statutory information for companies and LLPs, including notices of appointment, dismissal, changes in information, or company closure. These services aim to enhance transparency, speed up processes, and reduce costs. The third product is the Company Secretary Information Data (CSID), a comprehensive search tool for information on the credentials, Practising Certificate, and professional status of registered company secretaries.
The SSM stated that in addition to a briefing session related to the provision of corporate information and interest schemes, participants were also introduced to various SSM digital services, such as MyData-SSM, SSM Search, SafeData SSM, and SSM e-info, which are aimed at helping users access valid and up-to-date business data.
Additionally, SSM statistics up to June 30 reveal that a total of 1,619,700 companies have been incorporated, 9,520,598 businesses and 43,301 LLPs have been registered nationwide. Of these, 693,619 companies, 1,692,266 businesses, and 38,567 LLPs are active. In Penang specifically, 105,225 companies have been incorporated, with 686,739 businesses and 2,621 LLPs registered. Of these, 48,151 companies, 123,493 businesses, and 2,277 LLPs remain active.
Meanwhile, SSM chief executive officer Datuk Nor Azimah Abdul Aziz emphasized at the closing ceremony that the corporate information provided by SSM is not just data but a strategic asset that underpins critical decisions by investors, business owners, financial institutions, and the public. She remarked that programmes like the SSM InfoSession are essential for demonstrating that the provision and use of corporate information is not optional but a necessity, serving as the backbone of transparency, market confidence, and the integrity of the country’s economy.