KUCHING, June 18 (Bernama) — The Malaysian Investment Development Authority (Mida), has as of May this year, disbursed RM139.4 million under the Domestic Investment Strategic Fund (DISF) to 19 local companies.
Its executive director (services development), Datuk Mathialakan Chelliah said the RM1 billion DISF was established to accelerate the participation of Malaysian-owned companies in the global supply chain, namely high-value added, high technology, knowledge-intensive and innovation-based industries.
“The RM1 billion DISF will be disbursed on a negotiable basis, based on the request of companies, and the merits of each case with the objective of enhancing the technological capabilities of domestic investors,” he added.He was speaking at Mida’s seminar on the “Government’s Initiatives to Propel the Services Sector”, here today.The seminar was officiated by Sarawak Assistant Minister for Industrial Development (Investment and Promotion), Julaihi Narawi.
On the seminar, Mathialakan said its main objective is to create awareness on the services sector, particularly in the development of business and professional services, logistics, regional operations and ICT.
“The services sector continues to be an important engine of growth in the Malaysian economy.
“The seminar today focuses on the facilities provided by the government to assist the services sector in Malaysia,” he added.
The Mida seminar is the second in a series to be held throughout the country, after Penang.
Its executive director (services development), Datuk Mathialakan Chelliah said the RM1 billion DISF was established to accelerate the participation of Malaysian-owned companies in the global supply chain, namely high-value added, high technology, knowledge-intensive and innovation-based industries.
“The RM1 billion DISF will be disbursed on a negotiable basis, based on the request of companies, and the merits of each case with the objective of enhancing the technological capabilities of domestic investors,” he added.He was speaking at Mida’s seminar on the “Government’s Initiatives to Propel the Services Sector”, here today.The seminar was officiated by Sarawak Assistant Minister for Industrial Development (Investment and Promotion), Julaihi Narawi.
On the seminar, Mathialakan said its main objective is to create awareness on the services sector, particularly in the development of business and professional services, logistics, regional operations and ICT.
“The services sector continues to be an important engine of growth in the Malaysian economy.
“The seminar today focuses on the facilities provided by the government to assist the services sector in Malaysia,” he added.
The Mida seminar is the second in a series to be held throughout the country, after Penang.