‘Income first’: Economy Minister Akmal says Budget 2027 must deliver better wages for Malaysians
GEORGE TOWN, Sept 24 — Income and wages must remain a priority in the planning of Budget 2027, alongside efforts t...
Economy Minister Akmal Nasrullah Mohd Nasir emphasized that income and wages must remain a top priority when planning Malaysia's Budget 2027. This focus is crucial to ensure that gains in productivity and Malaysia's position in the supply chain lead to better job opportunities and higher wages. Speaking after the 'KL20@Penang 2026: Silicon Surge' program at Penang's Waterfront Convention Centre, Akmal explained that the allocation of RM25 million for the National Automation, Testing and Equipment (ATE) Campus construction in Batu Kawan is a part of this strategy.
The campus aims to bolster Penang's semiconductor ecosystem, thereby creating more meaningful employment prospects for Malaysians. He also suggested that high oil prices and an uncertain outlook should be considered in Budget 2027 to safeguard the nation's development and the economic well-being of its citizens. Penang Chief Minister Chow Kon Yeow mentioned that the state government would donate land in Batu Kawan for the ATE campus's development.
The initiative is a continuation of Penang's efforts to advance the chip design sector, which began with the launch of Penang Silicon Design @ 5KM+ two years ago. Chow also shared that a RM50 million technology fund was established in Penang to support local start-ups and companies seeking to scale up. This fund aims to provide access to capital for these entities to advance to the next stage.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
