GEORGE TOWN, Oct 30 (Bernama) -- The government wants local content to be given greater consideration in government, government-linked company (GLC) and multinational corporation (MNC) procurements to create more opportunities for local micro, small and medium enterprises (MSMEs).
Local Content Requirements Needed In Govt, GLC, MNC Procurements To Benefit MSMEs – Steven Sim
Steven Sim Chee Keong, MSME, business, GLC, econom
BE Bernama 
Key takeaways
The government plans to prioritize local content in procurements to support MSMEs and ensure FDI benefits local businesses.
- Local content requirements are part of the SCALE Action Plan to boost MSMEs.
- FDI incentives now focus on creating high-paying jobs and developing local supply chains.
- The government aims to ensure foreign investments benefit local businesses through new policies.
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