The government will raise the sum from institutional investors while rolling out tax reforms to encourage venture capital activity.

The Malaysian government will seek to raise RM1bn ($236m) in venture capital from institutional investors in a bid to strengthen the prospects of local startups, the Star reported on Friday. Malaysian Prime Minister Datuk Seri Najib Tun Razak said the capital would be directed towards priority industries and would be coordinated by the Securities Commission, the…

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