MSC Malaysia attracts RM2bil in new investments

  • Business
  • Thursday, 23 Sep 2010

KUALA LUMPUR: The Multimedia Super Corridor (MSC) Malaysia has attracted RM2bil in new investments between January and August, according to Multimedia Development Corp (MDeC).

Chief executive officer Datuk Badlisham Ghazali said domestic investments accounted for about 15% of the amount while the bulk came from foreign investors,.

“Investments for this year would be lower as last year was a bumpy year due to the global financial crisis. Last year, MSC Malaysia attracted more than RM3bil worth of investments,” Badlisham told reporters yesterday after a media briefing on MSC Malaysia Summit 2010.

On Budget 2011, to be tabled on Oct 15, he said MDeC was proposing funding to further nurture MSC Malaysia status companies to move them up their value chain and also to re-invest in new areas.

MDeC would embark on unleashing the capabilities of these companies under phase three of an ongoing exercise, he said, adding that it was also seeking funding under the budget to enable it to start a product assessment programme for MSC Malaysia status companies.

MDec was currently working with an international assessor to draw up the framework for the programme.

On the five-day summit, beginning Oct 11, Badlisham said it would showcase and drive greater collaboration between the public and private sectors as well as increase profitability and industry growth.

The summit will incorporate a series of conferences and innovation-led showcases of the services and solutions developed under MSC Malaysia.

Highlights of the summit will include the Intellectual Property Monetisation Forum and MSC Malaysia Innotech, which will provide the platform for companies to seek funds from venture capitalists like Draper Fisher, IC Group and Nesky Capital.

It is expected to attract up to 2,500 delegates comprising international, trade and government participants. – Bernama

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