KUALA LUMPUR: RM1.5 billion will be allocated for business loans controlled by Business Financing Guarantee Companies, using intellectual property as the collateral instrument by giving a loan guarantee of up to 80 per cent.
In tabling the 2018 Budget, Prime Minister Datuk Seri Najib Razak said Malaysia is known as the forerunner of the Islamic finance system, thus the government is strengthening said position with the generous allocation.
In addition, duty stamp exemption will be given on contract notes for Exchange-Traded Fund and Structured Warrants buying and selling transactions for three years, starting Jany 2018.
To further improve capital market and preparing investment access, an Alternative Trading System will be introduced.
This, he said, will be subject to regulatory conditions and standards to allow for more efficient offer bids
Source : www.nst.com