Economy Ministry examines Malaysia's preparedness for an ageing nation in 2027 Budget
KUALA LUMPUR: The Economy Ministry is examining the structure of the country's preparedness as Malaysia moves towards becoming an ageing nation, through Budget 2027.
In Budget 2027, Malaysia's Economy Ministry is evaluating the nation's preparedness for becoming an ageing society. Economy Minister Akmal Nasrullah emphasized that this assessment is crucial for maintaining economic growth and empowering future generations. He highlighted the importance of younger people shouldering more responsibility for the economy's sustainability and growth as the population ages.
The ministry aims to broaden young people's exposure to specialized programs, particularly in areas like the stock market and business ownership. Akmal Nasrullah also stressed the need to strengthen education in science, technology, engineering, and mathematics (STEM) by developing talent from the grassroots level. The ministry is prioritizing equipping these talents with skills for high-growth, high-value industries and bolstering funding for research and invention, both academically and commercially.
The Junior Innovathon: Di Sini Inovasi Bermula, a television program showcasing the top 50 teams out of 2,092 entries, will begin airing on September 20 and conclude with a champion selection on November 1, 2026.
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