RM564 million allocation to enhance R&D Framework

KUALA LUMPUR, Oct 11 -- The government will allocate RM564 million to enhance Malaysia's Research and Development (R&D) Framework, Finance Minister Lim Guan Eng said. 

Tabling the 2020 Budget at the Dewan Rakyat today, he said among the measures taken is to intensify R&D in the public sector with an allocation of RM524 million to ministries and public agencies. 

“The government will also allocate RM30 million for R&D matching grants for collaborations with industry and academia to develop higher value added downstream uses of palm oil, specifically tocotrienol in pharmaceuticals and bio-jet fuel.

“Besides this, the government will establish a Research Management Agency, with an allocation of RM10 million to centralise and coordinate management of public research resources,” he said.

In addition to this, to promote commercialisation of R&D from the public sector, research universities beginning with Universiti Malaya, a one-stop Innovation Office to transform intellectual property into commercially exploitable opportunities will be established, he said. 

He said under the same allocation, intellectual property-generated income based on the Modified Nexus Approach (MNA) derived from patents and copyright software will be given tax exemption for a period of up to 10 years.

Meanwhile, Lim said will the government will allocate RM11 million towards initiatives by the Ministry of Education in collaboration with Ministry of Environment, Science, Technology and Climate Change (MESTECC) to inculcate the Science, Technology and Innovation (STI) culture, encouraging more students into the fields of Science, Technology, Engineering and Mathematics (STEM).





Lim denies Sarawak neglected in Budget 2020

MIRI, Oct 27 -- Sarawak is among the states receiving the highest allocation under Budget 2020, said Finance Minister Lim Guan Eng.

Higher global growth forecast in tandem with Malaysia’s GDP projection

KUALA LUMPUR, Oct 18 -- The forecast improvement in global economic growth to 3.4 per cent next year from three per cent this year is in tandem with the country’s higher projected gross domestic product (GDP) expansion of 4.8 per cent from 4.7 per cent this year in the 2020 Budget, Finance Minister Lim Guan Eng said.

More incentives needed to build a sustainable nation - AIMS

KUALA LUMPUR, Oct 18 -- The government needs to look into providing incentives and exemptions for local players in the online and digital sectors to create a more competitive and conducive business environment.




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KUALA LUMPUR, Oct 12 -- The Government’s focus on strengthening institutions, governance and integrity is critical in restoring trust and confidence in the marketplace, Institute of Corp...

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KUALA LUMPUR, Oct 12 -- Khazanah Research Institute (KRI) says the 2020 Budget has addressed some pressing issues facing the nation, while driving growth and attaining long-term equi...



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