Bursa Malaysia (the local stock exchange) classifies public listed companies into the following sectors: 1. Basic materials; 2. Consumer cyclicals; 3. Consumer

Bursa Malaysia (the local stock exchange) classifies public listed companies into the following sectors: 1. Basic materials; 2. Consumer cyclicals; 3. Consumer non-cyclicals; 4. Energy; 5. Financials; 6. Healthcare; 7. Industrials; 8. Technology; 9. Telecommunications Services; and 10. Utilities So, Bursa is largely composed of commodity businesses. It works but shouldn't there be some progress? Is it okay to stick with the status quo? It's true that there's a potential in these VC schemes for leakage due to self-dealing. But let not the perfect be the enemy of the good. The article mentions several government funds that have been disbursing funding to tech startups for decades, so this is not a totally new thing run by idealists rather than realists. I understand the skepticism when I read the responses attached. But I've always been confident about Malaysia. Maybe it's just that I'm a patriot.