The Malaysian Investment Development Authority (MIDA) through its Domestic Investment Coordination Platform (DICP) with Bursa Malaysia and Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC) kickstarted their seminar series on ‘Business Growth through the Malaysian Capital Market’.
This inaugural seminar, held in Port Dickson, Negeri Sembilan, was jointly organised with Invest Negeri Sembilan and attracted 35 companies from Negeri Sembilan as well as Melaka. MIDA anticipates to organise more seminars throughout the country in 2022.
Recognising the financial challenges faced by the domestic industry players, particularly the SMEs and Mid-tier companies (MTCs) to execute their business expansion plans, MIDA looks to provide opportunities for businesses to learn, evaluate and consider raising capital through the public and private markets, as well as market-based financing options such as equity crowdfunding (ECF) registered with the SC.
During the event, the Director of Domestic Investment Division of MIDA, Sukri Abu Bakar remarked that through MIDA’s proprietary services, they have enabled various scales of local businesses, including SMEs and SMIs.
“MIDA’s Domestic Investment Coordination Platform or DICP aims to bridge businesses, technologies and research capability with capital funding sourced from the public and private markets.
“We continuously work with local regulators, technology providers and financial institutions to drive business growth by facilitating business support services to SMEs and SMIs, crucial to domestic direct investments, which bring significant economic growth,” he said.
In supporting MIDA’s efforts in developing the growth of domestic businesses, CMM shared on its Elevate Programme, a bespoke executive leadership programme for Malaysian MTCs.
The 12-month capacity development programme offers guidance on business redesign strategies, fundraising models and access to fund raising through the capital market.
-NIAGATIMES
