Latest news with #MyCIF
Malaysia Sun
7 days ago
- Business
- Malaysia Sun
Malaysia's MSME Co-Investment Fund reaches 280 mln USD as of end-2024
Xinhua 22 Jul 2025, 21:46 GMT+10 KUALA LUMPUR, July 22 (Xinhua) -- The Malaysia Co-Investment Fund (MyCIF) has reached 1.19 billion ringgit (280 million U.S. dollars) in total co-investments as of end-2024 since its inception, supporting the growth of more than 9,500 micro-, small-, and medium-sized enterprises (MSMEs) in the country, official data showed Monday. In its Annual Performance Report 2024 released on Monday, MyCIF said that 264 million ringgit were invested in 2024 alone. According to the statement, MyCIF has attracted 4.1 times the amount in private sector funding for every ringgit invested, demonstrating a strong crowding-in effect. This saw a 21.4 percent increase in total private investment. "The total co-investments by MyCIF represent 4.6 times of 260 million ringgit total funds disbursed from the government to date into the program, demonstrating efficient use of public funds," it noted. MyCIF, set up by the Ministry of Finance of Malaysia under Budget 2019, utilizes equity crowdfunding and peer-to-peer financing platforms to channel funds into MSMEs. (1 ringgit equals 0.24 U.S. dollar)
The Star
22-07-2025
- Business
- The Star
MyCIF made RM1.2bil co-investments
Securities Commission Malaysia building in Kuala Lumpur PETALING JAYA: The Malaysia Co-Investment Fund (MyCIF) has exceeded RM1bil in total co-investments since its inception, playing a key role in providing financing for micro, small, and medium enterprises (MSMEs) in Malaysia. In its 2024 annual performance report released yesterday, MyCIF said total co-investments reached RM1.19bil, with RM264mil invested in 2024 alone. The RM1.19bil total co-investments by MyCIF represented 4.6 times of the RM260mil total funds disbursed from the government to date into the programme. The Securities Commission (SC), which administers MyCIF, said this demonstrated 'efficient use of public funds'. 'MyCIF has attracted 4.1 times in private sector funding for every ringgit invested, demonstrating a strong crowding-in effect. 'This saw a 21.4% increase in total private investment,' the SC pointed out. Since its inception, more than 9,500 MSMEs have benefitted from the co-investments by MyCIF, which was set up by the Finance Ministry under Budget 2019. Trading ideas: SunCon, Cahya Mata, Aneka, PJBumi, Atlan, Apex, FACB, Prolintas, Green Packet, Oxford Innotech, CLMT, United Plantations
The Sun
21-07-2025
- Business
- The Sun
MyCIF co-invesments since inception surpass RM1 billion mark
PETALING JAYA: The Malaysia Co-Investment Fund (MyCIF) has surpassed RM1 billion in total co-investments since its inception, marking a significant milestone in supporting the growth of micro, small, and medium enterprises in the country. MyCIF, set up by the Ministry of Finance under Budget 2019, has been a pivotal force in the financing landscape, utilising equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms to channel funds into MSMEs. Since its inception, more than 9,500 MSMEs have benefited from MyCIF's co-investments. In its annual performance report released today, MyCIF said total co-investments reached RM1.19 billion as at end-2024, with RM264 million invested that year alone. MyCIF has attracted 4.1 times in private sector funding for every ringgit invested, demonstrating a strong crowding-in effect. This saw a 21.4% increase in total private investment. The RM1.19 billion total co-investments by MyCIF represent 4.6 times of RM260 million total funds disbursed from the government to date into the programme, demonstrating efficient use of public funds. In addition to the General Scheme 1:4 co-investment, MyCIF continues to bolster strategic and underserved segments of the economy through targeted schemes. These include Food Security and Environmental & Social Enterprise Schemes with a preferential 1:2 co-investment ratio. Co-investments in these segments rose to RM7 million in 2024 from RM3.4 million in 2023, reflecting MyCIF's strengthened commitment to targeted investment areas. Under Budget 2025, MyCIF has earmarked up to RM40 million for promoting innovative Islamic risk-sharing financing through ECF and P2P platforms. This allocation complements existing MyCIF schemes and aims to encourage greater adoption of Islamic financing structures by offering various incentives. They include MyCIF's investing on a first-loss basis in ECF and P2P campaigns based on Islamic risk-sharing models, and for P2P campaigns, MyCIF will additionally invest at 0% financing rate. In July 2024, MyCIF introduced the Environmental and Social Impact Scheme to support impact-driven businesses in the environment, community, food security, education and healthcare sectors. The scheme also extends to MSMEs financing waqf assets development projects within these focus areas. To enhance awareness and access to financing, MyCIF hosted its inaugural nationwide roadshow in Penang in February, themed 'Empowering Financing, Advancing Growth'. The event, supported by the Northern Corridor Implementation Authority, aimed to raise MyCIF's profile and benefits among MSMEs in the northern states of Malaysia. The MyCIF will next hold a roadshow in Kota Kinabalu, Sabah, on July 31 to raise awareness of alternative funding avenues and foster connectivity between the capital market and entrepreneurs in Sabah, thereby further supporting MSME growth
The Star
21-07-2025
- Business
- The Star
MyCIF surpasses RM1bil co-investment mark
Securities Commission Malaysia building at Kuala Lumpur. KUALA LUMPUR: The Malaysia Co-Investment Fund (MyCIF) total co-investments have reached RM1.19 billion as of end-2024 since its inception, with RM264 million invested in 2024 alone. MyCIF said it has attracted 4.1 times in private sector funding for every ringgit invested, demonstrating a strong crowding-in effect, which led to a 21.4 per cent increase in total private investment. "The RM1.19 billion in total co-investments by MyCIF represent 4.6 times the RM260 million in total funds disbursed by the government to date into the programme, demonstrating efficient use of public funds," it said in a statement today. Set up by the Ministry of Finance (MoF) under Budget 2019, MyCIF has played a pivotal role in the financing landscape by utilising equity crowdfunding (ECF) and peer-to-peer (P2P) financing platforms to channel funds into micro, small and medium enterprises. In addition to the general scheme 1:4 co-investment, MyCIF continues to support strategic and underserved segments of the economy through targeted schemes, including food security and environmental and social enterprise initiatives with a preferential 1:2 co-investment ratio. Co-investments in these segments rose to RM7 million in 2024 from RM3.4 million in 2023, reflecting MyCIF's strengthened commitment to targeted investment areas. Under Budget 2025, MyCIF has earmarked up to RM40 million for promoting innovative Islamic risk-sharing financing through ECF and P2P platforms, it said. "This allocation complements existing MyCIF schemes and aims to encourage wider adoption of Islamic financing structures, based on Musharakah and Mudharabah concepts. "It will do so by investing on a first-loss basis in ECF and P2P campaigns grounded in Islamic risk-sharing models, and additionally by offering zero per cent financing rates for selected P2P campaigns," it added. - Bernama
New Straits Times
21-07-2025
- Business
- New Straits Times
MyCIF exceeds RM1bil co-investments to help grow MSMEs
KUALA LUMPUR: The Malaysia Co-Investment Fund (MyCIF) has surpassed RM1 billion in total co-investments since its launch. This marks a milestone in MyCIF's efforts to support the growth of micro, small and medium enterprises (MSMEs) nationwide. According to its 2024 Annual Performance Report released today, MyCIF recorded total co-investments of RM1.19 billion as of end-2024, with RM264 million invested during the year alone. The Securities Commission (SC) said for every ringgit invested by MyCIF, it attracted 4.1 times more in private sector funding, reflecting a strong crowding-in effect. This contributed to a 21.4 per cent rise in total private investment. "The RM1.19 billion total co-investments by MyCIF represents 4.6 times of RM260 million total funds disbursed from the government to date into the programme, demonstrating efficient use of public funds," it said. The SC said beyond the General Scheme's 1:4 co-investment ratio, MyCIF continues to strengthen support for strategic and underserved sectors through dedicated schemes. These include the food security and environmental and social enterprise schemes, which offer a more favourable 1:2 co-investment ratio. Established by the Finance Ministry under 2019 Budget, MyCIF has played a crucial role in reshaping the financing landscape by leveraging equity crowdfunding and peer-to-peer financing platforms to direct funding towards MSMEs.
