MIDA, Bursa, and CMM encourage local companies to explore alternative fundraising

MIDA director of domestic investment division Sukri Abu Bakar

KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) wants to provide opportunities for businesses to learn, evaluate and consider raising capital through public and private markets, as well as market-based financing options such as equity crowdfunding (ECF) that are registered with the Securities Commission.

The investment agency recognises the financial challenges faced by the domestic industry players, particularly small and medium-sized enterprises (SMEs) and mid-tier companies (MTCs), in executing their business expansion plans, its director of domestic investment division Sukri Abu Bakar said.