According to a release published by Malaysia's state news agency Bernama, the government has approved venture capital tax incentives to boost investments in startups. The incentives include a concessionary tax rate of 5% for up to 10 years for qualifying venture capital fund entities investing at least 20% in local startups. A concessionary tax rate of 10% is also provided for venture capital and private equity management companies registered with the Securities Commission, subject to certai…