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KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) has announced that the first round of applications for the RM100mil relief funding facility for technology start-ups will take place from May 18 to 31.
PETALING JAYA: The government is likely to reorganise the various funds that were set up to venture into businesses related to the new economy, following their below par performance. This came about after it was discovered that some of the funds were not able to pay back the amounts due to the government, even after many years of restructuring efforts.
MALAYSIA has a history of its government seeking to support its local technology and innovation efforts by providing venture capital (VC) money.
IN this second article, on political economy issues that must be considered by political parties as they prepare for the 14 thGeneral Election, my focus is on modes of government intervention in the Malaysian economy. It is well-known that the government actively intervenes in the economy, primarily through the employment of government-linked companies (GLCs). However, what is not well-known is that federal ministries, under the control of cabinet ministers, also have control of GLCs.
KUALA LUMPUR: Datuk Norazharuddin Abu Talib has been appointed the Federation of Investment Managers Malaysia (FIMM) chief executive officer effective Monday.
KUALA LUMPUR: Malaysia’s largest corporate venture capital fund Axiata Digital Innovation Fund (ADIF) has received RM10mil in investment from Johor Corp (JCorp) to further drive Malaysia’s digital industry.