2027 Budget: 30,000 new jobs next year
KUALA LUMPUR: The government is targeting 30,000 new job opportunities for youths in 2027 under the Bakat Madani initiative, including through greater participation from private companies.
The Malaysian government aims to create 30,000 new job opportunities for young people in 2027 through the Bakat Madani initiative, with private sector involvement encouraged. Prime Minister Anwar Ibrahim announced that government-linked investment companies and GLCs will provide training and quality employment. Tax deductions will be offered to companies implementing Bakat Madani training programs from June 29, 2026 to Dec 31, 2030.
RM8 billion has been allocated for TVET across ministries, focusing on enhancing skills and employability among youths. The Human Resource Development Corporation will offer three million skills training opportunities, while the Skills Development Fund Corporation will provide RM500 million for trainees. Community colleges will offer short courses for tahfiz students, and armed forces personnel will receive skills training through collaborations with various institutions.
MARA will train and place 1,000 Bumiputera youths in high-growth sectors, and the Construction Industry Development Board will train 10,000 youths in robotics and digital technologies. The Advanced Technology Training Centre will provide graduates with pathways to high-skilled automotive careers, and the government will focus on developing young Indian talent, with the Malaysian Indian Community Transformation Unit receiving an increased budget of RM150 million.
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