Monday, 21 Dec 2020 12:48 PM MYT
Prime Minister Tan Sri Muhyiddin Yassin says the government will continue to cultivate an ecosystem that enables businesses to thrive and make Malaysia an attractive investment destination. ― Bernama pic
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KUALA LUMPUR, Dec 21 ― The government will continue to cultivate an ecosystem that enables businesses to thrive and make Malaysia an attractive investment destination, said Prime Minister Tan Sri Muhyiddin Yassin.
Without making Covid-19 as an excuse for insularity and inward-looking policies, the government would also pursue policies that ensure favourable market conditions for Malaysian exports, he said.
21 Dec 2020 / 12:49 H.
KUALA LUMPUR: The government will continue to cultivate an ecosystem that enables businesses to thrive and make Malaysia an attractive investment destination, said Prime Minister Tan Sri Muhyiddin Yassin (
pix).
Without making Covid-19 as an excuse for insularity and inward-looking policies, the government would also pursue policies that ensure favourable market conditions for Malaysian exports, he said.
“Truly, as a developing country with strong global linkages, Malaysia is a firm believer of free, fair and open trade and investment.
“As the prime minister, I wish to take this opportunity to offer my ardent assurance that Malaysia was, is, and will always be a country that is pro-business, pro-trade and pro-investment,” he said at the virtual World Chinese Economic Summit, today.
AS small and medium enterprises (SMEs) are the backbone of the nation and are the biggest employers in the country, it is of utmost importance to not only help smaller businesses tide through the Covid-19 storm, but also to foster more entrepreneurs to drive the economy.
This rationale is reflected in one of the core focus areas of Budget 2021, which covers the development of business- and entrepreneurship-related initiatives.
To encourage entrepreneurship among Malaysians, there are numerous initiatives that build upon the foundation of existing programmes, such as the RM510mil allocated to the National Entrepreneur Group Economic Fund (Tekun) and Perbadanan Usahawan Nasional Bhd (PUNB) to finance Bumiputera entrepreneurs and micro SMEs, which also includes RM20mil for the Indian Community Entrepreneur Development Scheme and RM5mil for the entrepreneurship development of other minority communities.