Malaysia to double funds for small businesses

Newswire

KUALA LUMPUR, Dec 17 (Reuters) - Malaysia has allocated 3.8 billion ringgit ($1.01 billion) to accelerate the development of its small and medium-sized business sector, the central bank said. The government is keen to help businesses in the agriculture and agro-based industries, as well as those in the automotive and information technology sectors, the central bank said in a statement on Friday. It will also try and develop Bumiputra, or indigenous Malay, businessmen, it said. The ...

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