2027 Budget drives economic growth through efficient capital formation and mobilisation – SC
KUALA LUMPUR: The 2027 Budget provides strong momentum for the Securities Commission’s (SC) efforts to drive economic growth through efficient capital formation and mobilisation, the capital market regulator said.
The 2027 Budget has been hailed by the Securities Commission (SC) as providing strong momentum for the country's capital market, which will drive economic growth through efficient capital formation and mobilisation. Key measures outlined in the budget include the matching grant for dual listings on Bursa Malaysia and the Stock Exchange of Hong Kong, which will enable Malaysian companies to access a larger pool of regional capital and expand internationally.
Additionally, the Employment Pass facilitation under the Malaysia Asian Business Entity scheme aims to attract talent and help eligible public-listed companies scale their operations across Southeast Asia. These measures align with the Capital Market Masterplan 2026-2030, which seeks to enhance the vibrancy, inclusivity, sustainability, and regional competitiveness of Malaysia's capital market.
The SC's chairman, Datuk Mohammad Faiz Azmi, stated that these measures are crucial for meeting the SC's target of raising RM90 billion to RM100 billion in sustainable financing by 2030, as well as strengthening Malaysia's position as a global leader in Islamic finance.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
