Budget 2020: RM50mil set aside to co-invest in ECF and P2P fundraising


Lockman says the RM50mil commitment in ECF and P2P platforms shows the government's confidence in the industry. — SIA HONG KIAU/The Star

The RM50mil allotment in Budget 2020 to match investments in equity crowdfunding (ECF) and peer-to-peer (P2P) platforms, for the second year running, shows the government's confidence in the sector, says the Registered Digital Markets Association.

President Elain Lockman commended the commitment towards the Malaysia Co-Investment Fund scheme (CIF), also allocated RM50mil in the 2019 budget.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

OpenAI identifies security issue involving third-party tool, says user data was not accessed
Losing jobs and minds? AI effects will be far-reaching, analysts warn
US judge blocks Arizona criminal case against Kalshi at CFTC's request
How AI helped 1 man (and his brother) build a US$1.8 billion company
Proxy adviser Glass Lewis recommends Warner Bros shareholders vote for Paramount deal
IBM to pay $17 million to settle US government probe over DEI
Tesla's supervised self-driving software gets Dutch okay, first in Europe
Vance, Bessent questioned tech giants on AI security before Anthropic's Mythos release, CNBC reports
Commvault explores sale after takeover interest, sources say
YouTube raises subscription prices in US for the first time in 3 years

Others Also Read