MyCIF made RM1.2bil co-investments
PETALING JAYA: The Malaysia Co-Investment Fund (MyCIF) has exceeded RM1bil in total co-investments since its inception, playing a key role in providing financing for micro, small, and medium enterprises (MSMEs) in Malaysia.
In its 2024 annual performance report released yesterday, MyCIF said total co-investments reached RM1.19bil, with RM264mil invested in 2024 alone.
The RM1.19bil total co-investments by MyCIF represented 4.6 times of the RM260mil total funds disbursed from the government to date into the programme.
The Securities Commission (SC), which administers MyCIF, said this demonstrated 'efficient use of public funds'.
'MyCIF has attracted 4.1 times in private sector funding for every ringgit invested, demonstrating a strong crowding-in effect.
'This saw a 21.4% increase in total private investment,' the SC pointed out.
Since its inception, more than 9,500 MSMEs have benefitted from the co-investments by MyCIF, which was set up by the Finance Ministry under Budget 2019. Trading ideas: SunCon, Cahya Mata, Aneka, PJBumi, Atlan, Apex, FACB, Prolintas, Green Packet, Oxford Innotech, CLMT, United Plantations
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