MaGIC: An estimated 40% of local tech startups will not survive if the Covid-19 crisis continues after May


Khairy plans to raise the issue of cash flow problems among tech startups with the government. — AZHAR MAHFOF/The Star

Despite the current difficult economic situation and the imposition of movement control order (MCO), investing in technology can protect companies and businesses, and cushion the economic impact, said Science, Technology and Innovation Minister Khairy Jamaluddin.

Although the government has introduced economic stimulus packages to wade through the difficult time, feedback given will help it understand the situation and ensure tech startups and the economy survives, he added.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Xiaomi launches new photo-geared 14 Series smartphone
Google rows back AI-image tool after WWII gaffe
Rise of AI is 'not going to be only a good story,' OpenAI boss says
Review: 'Apollo Justice' – Be the lawyer of this courtroom drama
Review: 'Prince of Persia' – A race against time in an ancient empire
Exclusive-Broadcom nears $3.8 billion sale of remote access unit to KKR
Google says its AI image-generator would sometimes ‘overcompensate’ for diversity
Authorities troll LockBit boss on his commandeered Darkweb site
Meta’s Mark Zuckerberg seeks out of lawsuits blaming him for Instagram addiction
Canadian federal police says they were targeted by cyberattack

Others Also Read