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


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: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

70% readers found this article insightful

Next In Nation

Popular Labuan restaurant wrecked during high tide phenomenon
Workers’ quarters of rubber gloves factory in Perak found to be congested
Sabah orders all plantation companies to screen workers for Covid-19
Uzbekistani who used another woman's IC to get medical treatment at HKL jailed three years
Works Ministry: No construction work during MCO, but exemptions apply
Woman among 11 arrested in Melaka catalytic converter thefts
Remedial works on collapsed roads, bridge in Pitas will be from emergency fund, says state JKR
Solar project: CIDB sues Jepak Holdings to claim RM1.65mil levy
Melaka business communities laud clearer MCO 2.0 guidelines
Transport Ministry: No statement on held-back PIA plane due to ongoing UK court case

Stories You'll Enjoy