RM1bil for 'Fund-of-Funds' to invest in high-growth firms
KUALA LUMPUR: A RM1bil allocation has been put aside to set up a "National Fund-of-Funds", says Datuk Seri Anwar Ibrahim.
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KUALA LUMPUR: A RM1bil allocation has been put aside to set up a "National Fund-of-Funds", says Datuk Seri Anwar Ibrahim.
KUALA LUMPUR: A sum of RM1bil for the “National Fund-of-Funds” will be set up to invest in innovative high-growth Malaysian companies, says Datuk Seri Anwar Ibrahim.
To enhance the venture capital (VC) ecosystem and outpace competition from Singapore and Indonesia, it’s vital to promote private sector involvement and establish business-friendly policies which create a conducive environment, says Malaysia Venture Capital Management Bhd (Mavcap)
Securities Commission, venture capital, Private Equity, funds, divestment
The task before Mahadhir Aziz is daunting. His appointment as the CEO of Malaysia Digital Economy Corporation (MDEC) comes at a time when the nation is betting heavily on the digital economy to improve its position in the global value chain and strengthen its economic growth. Mahadhir has set himself the task of bringing MDEC back to its glory days in the 1990s when, as the Multimedia Development Corporation (MDC), it was the sole agency overseeing the rollout of the Multimedia Super Corridor (MSC).