Malaysia to set up $281m National Stimulation Fund, to work with global VCs

Malaysia to set up $281m National Stimulation Fund, to work with global VCs

View of Kuala Lumpur, Malaysia at night

The Malaysian Government is planning to set up a National Stimulation Fund worth about 1.2 billion ringgit ($281.3 million) to support digitalisation of local businesses.

The government will allocate 600 million ringgit while the other 600 million ringgit will be matched by domestic and international investors, he said in a televised announcement.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter