Rafizi: Malaysia needs more startups, high-tech companies to be listed on Bursa

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KUALA LUMPUR: There is a limited number of start-ups or high-tech companies poised for listing on Bursa Malaysia, as the majority of corporations in M...

: There is a limited number of start-ups or high-tech companies poised for listing on Bursa Malaysia, as the majority of corporations in Malaysia remain in traditional sectors, said Economy Minister Rafizi RamliDespite Malaysia’s strength in the electrical and electronics industry as a global exporter, he said only four to five per cent of high-tech companies are listed on the local bourse.

Rafizi said there is a need for a pipeline of tech and start-up companies ready for listing to enhance Malaysia’s business ecosystem. He emphasised that the government’s interest extends beyond monetary investment in start-ups and is instead seeking early success stories to attract tech talent from around the world to Malaysia.

 

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