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MIRI: The interest is only two%, but there seem to be little interest among industrialists and business folks in east Malaysia to take up loans from the Malaysian Industrial Development Fund (MIDF) and the Small and Medium Entreprises Bank (SME Bank).
The country has a huge liquidity of RM250bil in the banking and capital market which can be tapped into, said Deputy Prime Minister Datuk Seri Najib Tun Razak.
The International Trade and Industry Ministry is drafting a Bumiputra Development Master Plan to increase bumiputra participation in the services and manufacturing sectors.
A founder of an investment holding company was fined RM150,000 for permitting the furnishing of a false statement to the Securities Commission (SC) relating to dealings in company shares.