Latest news with #MBRS2.0
Borneo Post
28-04-2025
- Business
- Borneo Post
Companies Commission of Malaysia moves towards full digitalisation via MBRS 2.0
Armizan (fourth left) presents the mock key to the 'van jenazah' to a representative of Masjid Al-Ummah, as Ting (third left), Mohd Sayuthi (second left) and others look on. MIRI (April 28): The Companies Commission of Malaysia (SSM) will cease the acceptance of physical submission of statutory documents at its counters this June 1, in a move to accelerate the government's digitalisation agenda. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali announced this at the official opening of the new SSM Miri branch, located at Miri Times Square in Marina Parkcity, here yesterday. 'This move aligns with the Madani Government's vision to enhance service efficiency, transparency, and user-friendliness of public service delivery,' said Armizan. The transition to online services would be facilitated through the Malaysian Business Reporting System 2.0 (MBRS 2.0), an enhanced platform for filing annual returns, financial statements, and statutory documents. The MBRS 2.0 implementation has been carried out in phases since Dec 1 last year, initially covering submissions under the Companies Act 2016, including unaudited financial statements, annual returns, and exemption applications. Phase 2, which kicked off on March 1 this year, expanded coverage to submissions under the Companies Act 1965, involving financial institutions and foreign companies. The final phase, set for June 1, would require the online submission of all audited financial statements and court order-related documents, thereby fully ending manual submissions. Meanwhile, the federal minister hailed the opening of the new Miri branch as underscoring SSM's commitment to strengthening corporate services in northern Sarawak, particularly in Bintulu, Limbang and Lawas. 'This facility will serve as a central hub for company and limited liability partnership (LLP) registrations, statutory document filings, customer advisory services, certificate issuance, and user verification,' added Armizan. According to SSM statistics as of March 31, 2025, Sarawak recorded 89,290 incorporated companies and 2,052 LLPs, with nearly half actively operating. In Miri alone, 24,009 companies and 397 LLPs have been registered, reflecting the city's dynamic economic growth. In conjunction with the launch, Armizan presented SSM's Corporate Zakat Wakalah and Corporate Social Responsibility (CSR) contributions amounting to RM197,356. This included the donation of a RM137,356 'van jenazah' (hearse) to Masjid Al-Ummah in Tudan, and RM60,000 in aid to the underprivileged groups, people with disabilities, and suraus across Miri. The Miri branch joins SSM's expanding network of owned premises, which also includes its headquarters Menara SSM in Kuala Lumpur and offices in Melaka, Sarawak and Perak. Present at the ceremony were Deputy Minister of Tourism, Creative Industry and Performing Arts Sarawak Datuk Sebastian Ting, Miri Resident Galong Luang, chief secretary to Armizan's ministry Datuk Seri Mohd Sayuthi Bakar, and SSM chief executive officer Datuk Nor Azimah Abdul Aziz. Armizan Mohd Ali Companies Commission of Malaysia digitalisation lead
Borneo Post
28-04-2025
- Business
- Borneo Post
SSM moves towards full digitalisation via MBRS 2.0
Armizan (fourth left) presents the mock key to the 'van jenazah' to a representative of Masjid Al-Ummah, as Ting (third left), Mohd Sayuthi (second left) and others look on. MIRI (April 28): The Companies Commission of Malaysia (SSM) will cease the acceptance of physical submission of statutory documents at its counters this June 1, in a move to accelerate the government's digitalisation agenda. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali announced this at the official opening of the new SSM Miri branch, located at Miri Times Square in Marina Parkcity, here yesterday. 'This move aligns with the Madani Government's vision to enhance service efficiency, transparency, and user-friendliness of public service delivery,' said Armizan. The transition to online services would be facilitated through the Malaysian Business Reporting System 2.0 (MBRS 2.0), an enhanced platform for filing annual returns, financial statements, and statutory documents. The MBRS 2.0 implementation has been carried out in phases since Dec 1 last year, initially covering submissions under the Companies Act 2016, including unaudited financial statements, annual returns, and exemption applications. Phase 2, which kicked off on March 1 this year, expanded coverage to submissions under the Companies Act 1965, involving financial institutions and foreign companies. The final phase, set for June 1, would require the online submission of all audited financial statements and court order-related documents, thereby fully ending manual submissions. Meanwhile, the federal minister hailed the opening of the new Miri branch as underscoring SSM's commitment to strengthening corporate services in northern Sarawak, particularly in Bintulu, Limbang and Lawas. 'This facility will serve as a central hub for company and limited liability partnership (LLP) registrations, statutory document filings, customer advisory services, certificate issuance, and user verification,' added Armizan. According to SSM statistics as of March 31, 2025, Sarawak recorded 89,290 incorporated companies and 2,052 LLPs, with nearly half actively operating. In Miri alone, 24,009 companies and 397 LLPs have been registered, reflecting the city's dynamic economic growth. In conjunction with the launch, Armizan presented SSM's Corporate Zakat Wakalah and Corporate Social Responsibility (CSR) contributions amounting to RM197,356. This included the donation of a RM137,356 'van jenazah' (hearse) to Masjid Al-Ummah in Tudan, and RM60,000 in aid to the underprivileged groups, people with disabilities, and suraus across Miri. The Miri branch joins SSM's expanding network of owned premises, which also includes its headquarters Menara SSM in Kuala Lumpur and offices in Melaka, Sarawak and Perak. Present at the ceremony were Deputy Minister of Tourism, Creative Industry and Performing Arts Sarawak Datuk Sebastian Ting, Miri Resident Galong Luang, chief secretary to Armizan's ministry Datuk Seri Mohd Sayuthi Bakar, and SSM chief executive officer Datuk Nor Azimah Abdul Aziz. Armizan Mohd Ali Companies Commission of Malaysia digitalisation lead
Daily Express
27-04-2025
- Business
- Daily Express
MBRS 2.0 Phase 3: June 1 launch, end of physical submissions
Published on: Sunday, April 27, 2025 Published on: Sun, Apr 27, 2025 By: Bernama Text Size: MIRI: The third phase of implementation for the Malaysian Business Reporting System 2.0 (MBRS 2.0) will begin on 1 June, involving documents under the Companies Act 2016, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali ( pic ) said. He said that with this phase's implementation, the physical submission of statutory documents at the Companies Commission of Malaysia (SSM) counters will be completely discontinued starting from that date. 'Phase 3 will take effect on June 1 this year, covering Audited Financial Statements (AFS), applications and submissions for rectification or court orders for AFS, as well as all applications related to time extensions or exemptions for AFS under the Companies Act 2016." 'This aligns with the MADANI government's agenda to boost digitalisation of government agency services,' he told a press conference after officiating the SSM Miri branch office at Miri Times Square, Marina ParkCity, here today. Armizan said MBRS 2.0 is an enhanced version of the original MBRS system, designed to streamline the submission process for annual returns, financial statements, reports and exemption applications in stages under the Companies Act 2016 and Companies Act 1965. Armizan said the system was developed as a digital platform to replace physical counter submissions, aiming to improve efficiency, transparency and user convenience. He said Phase 1 of mandatory statutory document submissions via MBRS 2.0 was implemented from Dec 1 last year, covering Annual Returns (AR), Unaudited Financial Statements and Reports (UFS), Exempt Private Company (EPC) Certificates, as well as applications for rectification or court orders for AR and UFS under the Companies Act 2016. Phase 2, effective March 1, involves AR, Financial Statements and EPC Certificates under the Companies Act 1965, Financial Statements for financial institutions regulated by Bank Negara Malaysia under the Companies Act 1965 and 2016, and documents related to foreign companies. At the event, Armizan also presented corporate zakat wakalah and Corporate Social Responsibility (CSR) contributions from SSM totalling RM197,356. A hearse van worth RM137,356 was handed over to the Al Ummah Mosque here, while RM60,000 was distributed to asnaf (recipients eligible to receive zakat), persons with disabilities (PwD) associations and surau around Miri. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Barnama
27-04-2025
- Business
- Barnama
MBRS 2.0 Phase 3: June 1 Launch, End Of Physical Submissions
MIRI, April 27 (Bernama) -- The third phase of implementation for the Malaysian Business Reporting System 2.0 (MBRS 2.0) will begin on 1 June, involving documents under the Companies Act 2016, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said. He said that with this phase's implementation, the physical submission of statutory documents at the Companies Commission of Malaysia (SSM) counters will be completely discontinued starting from that date. 'Phase 3 will take effect on June 1 this year, covering Audited Financial Statements (AFS), applications and submissions for rectification or court orders for AFS, as well as all applications related to time extensions or exemptions for AFS under the Companies Act 2016." 'This aligns with the MADANI government's agenda to boost digitalisation of government agency services,' he told a press conference after officiating the SSM Miri branch office at Miri Times Square, Marina ParkCity, here today. Armizan said MBRS 2.0 is an enhanced version of the original MBRS system, designed to streamline the submission process for annual returns, financial statements, reports and exemption applications in stages under the Companies Act 2016 and Companies Act 1965. Armizan said the system was developed as a digital platform to replace physical counter submissions, aiming to improve efficiency, transparency and user convenience. He said Phase 1 of mandatory statutory document submissions via MBRS 2.0 was implemented from Dec 1 last year, covering Annual Returns (AR), Unaudited Financial Statements and Reports (UFS), Exempt Private Company (EPC) Certificates, as well as applications for rectification or court orders for AR and UFS under the Companies Act 2016. Phase 2, effective March 1, involves AR, Financial Statements and EPC Certificates under the Companies Act 1965, Financial Statements for financial institutions regulated by Bank Negara Malaysia under the Companies Act 1965 and 2016, and documents related to foreign companies. At the event, Armizan also presented corporate zakat wakalah and Corporate Social Responsibility (CSR) contributions from SSM totalling RM197,356.
