Budget 2027 to drive Malaysian products into global markets, says Amir Hamzah
BUDGET 2027 will place greater emphasis on helping Malaysian businesses, particularly micro, small and medium enterprises (MSMEs) and start-ups, expand into global markets as the Government seeks to turn more locally developed products and services i...
The Malaysian government, led by Finance Minister II Datuk Seri Amir Hamzah Azizan, announced in the 2027 Budget that it will focus on helping local businesses, especially micro, small and medium enterprises (MSMEs) and start-ups, expand into global markets. The government's strategy involves increasing access to financing, digitalization, innovation, and market expansion to turn locally developed products and services into internationally competitive offerings.
High-value sectors like semiconductors, energy transition, the digital economy, artificial intelligence (AI), and Islamic finance will continue to be prioritized. The aim is to empower MSMEs and start-ups as drivers of domestic economic growth and enable more local products and services to penetrate global value chains as "Made by Malaysia."
Additionally, the government will prioritize raising incomes, creating quality employment opportunities, and addressing cost-of-living pressures with targeted and sustainable measures. Social protection for vulnerable groups and improving public services, such as education and healthcare, will also remain a priority under the 13th Malaysia Plan. The 2027 Budget is expected to be presented on October 9, 2026.
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