MoF to issue RFP for Bandar Malaysia project by end of this week


Finance Ministry secretary-general of Treasury Tan Sri Dr Mohd Irwan Serigar Abdullah delivering his speech at the media luncheon at the Cyberview Resort and Spa in Cyberjaya on April 12. IZZRAFIQ ALIAS / The Star

SUBANG JAYA: The Finance Ministry (MoF) will issue a request for proposal (RFP) by the end of this week for parties interested in participating in the Bandar Malaysia project, said secretary-general Tan Sri Irwan Serigar Abdullah.

Irwan, who is chairman of TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd, said under the RFP, the MoF would set new criteria and conditions for companies to participate.

“There are already interested parties registering their interest, but we are releasing the RFP with certain conditions this time around, such as renowned companies with much experience or may be those in the Fortune 500 list, “ he told reporters at the launch of the inaugural ColossusINNO2017 competition on Wednesday.

He said it had not been yet determined as to how long the RFP process would take before a decision on the parties that can participate.

As for the Budget 2018, he said the MoF had already established teams to collect data, undertake analysis and come up with strategies.

The budget will be tabled in Parliament on Oct 27 this year.

Irwan said one area to be emphasised is entrepreneurship and innovation, whereby a sizeable amount would be allocated to various entities driving the agenda, as both are key drivers of economic growth and provider of jobs for the future.

Meanwhile, the Global Entrepreneurship Movement (GEM) ColossusINNO2017 competition is targeted at attracting 1,000 submissions from entrepreneurs across the world with a grand prize of US$100,000.

GEM, a non-profit organisation was founded by Irwan, who is currently its patron.

It was formed to democratise entrepreneurship with the aim of making innovation and entrepreneurship ubiquitous.

GEM president Dash Dhakshinamoorthy said the ColossusINNO2017 competition was inaugurated to inspire breakthrough thinking among entrepreneurs to identify and build ventures that would result in providing solutions to solve regional problems in Asean like poverty, governance, education, health or environment.

He said participation iwa open to all entrepreneurs globally and GEM would be working with a Silicon-Valley based competition platform, You Noodle, to be its competition engine.

He added the platform would also help engage with judges to make the selection independently, based on the parameters set together with global requirements.

The panel of judges will comprise world class leaders and experts.

The submission date for the competition is from June 21 to end-October, followed by an announcement of the finalists in November. The winner will be announced at the GE Community 2017 event on Dec 5-6 this year. - Bernama

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

ES Sunlogy unit secures RM34mil LSSPV development job
Oil prices slip on concerns over tariffs, slowdown fears
Globaltec unit to relinquish Muara Enim 2 PSC
Asian stocks slide, yen gets a boost as US growth worries grip markets
Scientex Packaging posts higher 2Q net profit of RM9.35mil on improved export sales
Bursa Malaysia, Asian markets a sea of red as US recession fears mount
Loob plans Tealive expansion in Thailand
Ringgit opens flat against US$ following recent OPR decision
US sell-off spills over into domestic market
Trading ideas: Capital A, Sapura Resources, TDM, Kerjaya Prospek, Pecca, MGB, LSH, VSolar, Pestech, Oasis, JFTech, Annum, West River, Cuckoo

Others Also Read