Economy minister: UK startups can expose Malaysia to global best practices

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Economy minister: UK startups can expose Malaysia to global best practices
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KUALA LUMPUR, March 20 — Startup companies from the United Kingdom (UK) can expose Malaysia to global best practices and create healthy competition and pressure for local firms...

KUALA LUMPUR, March 20 — Startup companies from the United Kingdom can expose Malaysia to global best practices and create healthy competition and pressure for local firms to innovate, said Economy Minister Rafizi Ramli.

“What the government can promise is to keep our doors open to outside help — through investments, expertise, and win-win opportunities — and put in place an ecosystem that is supportive of an innovation-based growth model,” Rafizi said in his keynote address at the UK-Malaysia Digital Innovation Programme Demo Day here today.

“The UK’s bilateral trade with Malaysia totals £5.9 billion with digital, technology and cyber being the fastest growth sector,” he said at the event.

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