PUTRAJAYA plans to attract investments by Fortune 500 companies and global “unicorns” or start-up companies with a RM1 billion package of incentives, Finance Minister Lim Guan Eng announced when tabling Budget 2020 today.

These incentives will be for global companies in the high-technology, creative and new economy sectors and are for one year, up to a period of five years.

A yearly RM1 billion package of incentives will also be allocated for a period of five years to local companies who manage to penetrate the global market, he added. – October 11, 2019.