Malaysia aims to lure overseas venture capital to spur startups

Economy minister says such funding is key to sector's development

20240507 Rafizi Ramli

Malaysian Economy Minister Rafizi Ramli speaks to Nikkei Asia during an interview in Kuala Lumpur. (Photo by Norman Goh)

NORMAN GOH, Nikkei staff writer

KUALA LUMPUR -- Malaysia is pushing to draw more venture capital investment from overseas as it accelerates its technology startup sector, the country's economy minister said in an interview.

Rafizi Ramli told Nikkei Asia on the sidelines of a startup event in Kuala Lumpur last month that the government is focused on spurring the development of nascent tech companies in the Southeast Asian nation.

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