MALAYSIAN 2018 BUDGET OFFERS HOPE TO COUNTRY’S TEXTILE SECTOR TO BOOST EXPORTS

THE MALAYSIAN textile industry is pinning hopes on a government decision to reintroduce an export-targeted grant to revive the sector’s declining overseas business. The decision to reintroduce the Market Development Grant, offered to SMEs, was announced during the 2018 national budget unveiled in October 2017. The grant was initially introduced in 2002 under the Malaysia External Trade Development Corporation (MATRADE) but was later discontinued. Malaysia’s Prime Minister and finance minister Najib Razak has said Malaysian Ringgit MYR150 million ...


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