Budget 2022: MDV affirms its commitment to accelerate efforts in assisting technology companies

Malaysia Debt Ventures Berhad (MDV) will endeavour to continue accelerating its efforts in stimulating the economy by providing flexible and innovative financing to create and rebuild resilient technology companies in line with the recent announcement by the Minister of Finance, Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz in the recent 2022 Budget.

As a key financier in the technology and start-up ecosystem, MDV is encouraged to see the various initiatives in place to further spur the nascent but fast-growing national aerospace, automation, robotics and autonomous vehicles; including the reviving and cultivating for a robust start-up ecosystem.

MDV anticipates to fully support these efforts via collaborative dialogs with key industry players to be able to provide for a flexible and innovative financing for the players.

In a statement yesterday, MDV’s Chairman, Khairul Azwan Harun said, “As a key financier for the technology fraternity, we welcome the Government’s robust Budget 2022 in aspiring amongst others, to jumpstart various key technology sectors.

“MDV looks forward to complementing the RM30.0 Billion allocation from the Government and GLCs for renewable energy, supply chain modernisation and automation, and 5G infrastructure investments, through our financing facilities,” he said.

Azwan continued, “MDV takes note of the Government’s clear support for recovery and building resilience for the start-up economy. We wish to highlight that MDV has been at the forefront of ameliorating the worst financial effects of the pandemic for the start-up ecosystem through our LIFTS programme, crafted with the valuable input and support of MOSTI.”

He further added, “We also foresee greater synergistic collaboration between MDV as a financier and the industry players, through the Government’s allocation to develop the Industry 4.0 International Innovation Hub in Technology Park Malaysia.”

“MDV heartily applauds the emphasis on the Prime Minister’s commitment to make Malaysia a carbon neutral country as early as 2050, we look forward to supporting this aspiration through our programmes dedicated to financing Energy Efficiency and Renewable Energy,” he concluded.

-NIAGATIMES

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