Khairy: Cash flow issues of tech start-ups to be raised with govt

  • Nation
  • Monday, 30 Mar 2020

KUALA LUMPUR: The issue of cash flow problems among tech start-ups will be raised with the government, says Khairy Jamaluddin.

The Science, Technology and Innovation Minister added that he had heard of the challenges that were raised in a webinar (web seminar) session that involved Malaysia Debt Ventures Bhd, Cradle Fund Sdn Bhd and Malaysia Venture Capital Management Bhd, which urged the government to inject more relief funds to tech start-ups, as their cash flow could not last beyond two or three months.

“I have heard their challenges, especially the problem with cash flow.

“I will discuss with the other ministers on how the companies can be helped, ” he said in a webinar on “Building Resilience in the Tech Sector” Monday (March 30).

The webinar outlined the overall government’s agenda and direction for the technology sector and the funding programmes available to support the government’s objectives.

In the discussion, Khairy said that despite the current difficult economic situation and the imposition of movement control order, investing in technologies can protect companies and businesses and cushion the economic impact.

Although the government has introduced economic stimulus packages to wade through the difficult time, he said feedback given will help the government understand the situation and ensure tech start-ups and the economy survive.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Khairy: Health Ministry plans to ban smoking for those born after 2005
Upset eatery owner brandishes two axes at Health Ministry personnel
Body of woman found at Sg Kandis waste trap
Efforts to restore BN in power not due to court cases, but trust given by the people, says Ahmad Zahid
Malaysia to align its strategic plans for non-communicable diseases with WHO's implementation road map
Zizie Izette eligible to receive RM2.8mil as introduction fee, says witness
Kuamut rep Masiung says no plans to join Peter Anthony's new party
Woman loses over RM30,000 to fake cryptocurrency investment scheme
Strong winds blow off roofs at varsity complex, supermarket in Shah Alam
Muhyiddin: Perikatan in final stages of determining seats to contest in Johor polls

Others Also Read