MPRC: High-value industries to benefit from export push

KUALA LUMPUR: Malaysia Petroleum Resources Corporation (MPRC) has lauded BUdget 2018 as a "comprehensive approach" towards sustainable socio-economic growth, and for investing in capacity-building initiatives for various industries.

According to MPRC, the allocation of RM150mil to Malaysia External Trade Development Corp (Matrade), Malaysian Investment Development Authority (Mida) and SME Corp will facilitate export growth across high-value industries 

"With global oil and gas development activities expected to increase, following a couple of years of reduction spending, the export push set forth by the government augurs well for the Oil and Gas Services and Equipment (OGSE) companies intending to capitalise on the pick-up in investment cycle," it said.

MPRC added that along with its mandate to develop Malaysia as a hub for OGSE companies, it is also committed to supporting the rise of local firms on the global stage.

Budget 2018