GEORGE TOWN, Oct 30 — 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).

Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong said the approach is aimed at ensuring local businesses benefit from investments and the development of domestic supply chains.

“We also want government procurements, GLC procurements and, of course, MNC procurements to have a perspective for local content. We want foreign direct investment (FDI) to come in to benefit local businesses. So, there must be a requirement for local contents,” he said.