PIKAS 2030 is set to become a buzzword in corporate Malaysia. The abbreviation stands for the newly launched Public-Private Partnership (PPP) Masterplan 2030, which aims to increase private investment to RM78bil by 2030.
PPPs have long been hailed globally as a clever way to fund large-scale government projects, such as roads, bridges, or hospitals. The idea is for the private sector to come up with the funding, know-how and innovation, while the government either provides incentives or other assets it owns in order for major projects to be completed on time and within budget.
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