Thursday, May 23, 2013

MDEC Targets RM3 Billion Export Revenue From MSC-status Firms

KUALA LUMPUR, May 22 (Bernama) -- The Multimedia Development Corporation (MDeC) targets an export revenue of more than RM3 billion over three years from MSC Malaysia-status companies, compared to RM1.5 billion last year.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=951428
Published: May 23, 2013

MDeC Chief Executive Officer Datuk Badlisham Ghazali said the target is attainable with the collaboration of Export-Import Bank of Malaysia Bhd (EXIM Bank).

"Last year, over 200 Malaysian companies exported their products, especially to the Southeast Asia market," he told reporters after the signing of a memorandum of collaborative arrangement (MOCA) among EXIM Bank, MDeC and the Construction Industry Development Board (CIDB) here today.

The signing, witnessed by Deputy Finance Minister Datuk Ahmad Maslan, will enable CIDB and MDeC to share their knowledge and expertise with EXIM Bank, which will facilitate Malaysian construction and ICT players' cross-border ventures.

EXIM Bank Managing Director/Chief Executive Officer Datuk Adissadikin Ali said the collaboration will offer Malaysian businesses looking to venture overseas access to financing and technical advisory services related to the construction and ICT industries.

"We expect 30 per cent of the RM5 billion total loan disbursement to go to the construction industry.

"ICT at the moment may not be as significant as construction, but we have seen improved applications from this sector," he said, adding that on average, less than 1.5 per cent of the total loan is disbursed to ICT firms.

Last year the bank's total loan disbursement was RM3.1 billion, up from RM1.2 billion in 2011.

Meanwhile, CIDB Chief Executive Officer Datuk Seri Dr Judin Abdul Karim said with the collaboration, EXIM Bank is opening the doors to capable contractors to explore international opportunities.

-- BERNAMA

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