Deputy Domestic Trade and Consumer Affairs Minister Datuk Rosol Wahid said every time a company closes, 18 new businesses opened between April 1 and July 19 this year.
Deputy Domestic Trade and Consumer Affairs Minister Datuk Rosol Wahid said a total of 4,542 served notice to shut down their companies, while a total of 82,555 applied to register new businesses with the Companies Commission of Malaysia (SSM) under the Registration of Businesses Act 1956 between April 1 and July 19 this year.
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