BUTTERWORTH, MALAYSIA, Feb 8 (NNN-BERNAMA) — The Malaysian government has allocated 15 billion Ringgit (one USD = about 3.45 Ringgit) for the Private Finance Incentive (PFI) fund to help big companies facing financial difficulties complete their projects.

This was disclosed Sunday by Minister in the Prime Minister’s Department Nor Mohamed Yakcop, who added that the fund formed part of the initiatives to be included in the 10th Malaysia Plan (10MP) which would cover the period 2011 to 2015.

“The PFI fund with an allocation of RM15 billion will operate this year to complete projects costing millions of Ringgit like universities, hospitals and housing,” he said after opening a Career and Entrepreneurship Day in his Tasek Gelugor parliamentary constituency in the northern state of Penang.

Nor Mohamed also launched the constituency website www.normohamed.my to keep his constituents informed of the latest activities.

He said the website will become an alternative channel for the people to lodge complaints and feedback to him and also officers at his service centre.

“This is important as it will help improve efficiency and service to the people. I hope the people of Tasek Gelugor will use the website properly,” he added.
– NNN-BERNAMA

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