Crude Effect: Malaysia to boost pvt investment

In the revision of the nation’s Budget for 2015, responding to the decline in oil prices, the Malaysian government has formulated five measures to boost private investments in the country. These include – setting up of the $1.39 billion Service Sector Guarantee Scheme, directing government-linked investment companies and government companies to invest in domestic enterprises, postponing gas and electricity tariff hikes, and increasing local procurement of goods and services by the government.