corporate
true
Economy  |  JANUARY 9, 2013 9:21PM

Mustapa Fund-Government allocates RM300 million

Story by
[email protected]

The government has allocated RM300million under the Domestic Investment Strategic Fund this year to be disbursed to selected local companies to attract foreign investment.  International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the fund will be managed by the Malaysian Investment Development Authority (MIDA).

In July 2012, Prime Minister Datuk Seri Najib Tun Razak announced the establishment of a RM1 billion Domestic Investment Strategic Fund. The fund is intended to accelerate the participation of Malaysian-owned companies in the global supply chain of high-value added, high-technology, knowledge-intensive and innovation-based industries.  The fund would be granted on a negotiable basis, based on the request of the companies and the merits of each case with the objective to enhance technological capabilities of domestic investors.-Bernama

 

 

 



 
Comments
comments powered by Disqus
 
181857
1
1
1
0
latest
1