Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Belanjawan 2027 perkukuh daya saing Malaysia, utamakan rakyat, kata Khazanah

Belanjawan dibentangkan PM beri penekanan pada pertumbuhan berkualiti, tumpu sektor dan bidang strategik, kata Amirul Feisal Wan Zahir.

Belanjawan 2027 perkukuh daya saing Malaysia, utamakan rakyat, kata Khazanah

The Malaysian National Investment Bureau's 2027 budget has been strategically planned for a crucial time as the nation continues to navigate an uncertain global landscape. According to Amirul Feisal Wan Zahir, the Khazanah Nasional Bhd. Investment Counselor, the budget allocation aims to strengthen Malaysia's long-term competitiveness and economic growth by prioritizing the well-being of the people. This includes reducing living expenses, increasing wages, and expanding opportunities.

Wan Zahir emphasized that the 2027 budget focuses on quality growth by targeting strategic sectors and industries such as semiconductors, energy transition, infrastructure, corporate development, and talent. This is vital for strengthening Malaysia's industrial base, enhancing economic complexity, and creating higher-value opportunities for business and labor.

The budget also maintains an inclusive approach to ensure national development benefits all segments of society, including workers, youth, entrepreneurs, bumiputera-owned companies, micro, small, and medium enterprises (PSMKs), and communities that need to enhance their resilience against economic challenges and climate change.

The 2027 budget's focus on vendor development, innovation, and access to new markets will create even more opportunities for Bumiputera-led business growth. Khazanah will continue to support Malaysia's economic and development priorities through Impact Fund, Venture Capital, Ciptawan Fund, Heritage Fund, K-Youth, Madani Talent, Hasanah Foundation, and other platforms that foster company development, talent, innovation, community resilience, and national competitiveness in the long term.

The organization will continue to collaborate with other GLICs under the GEAR-up program of the Ministry of Finance to effectively channel funds through disciplined investment, partnership development, and impact investment schemes, helping build a more resilient Malaysia for present and future generations.

Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at freemalaysiatoday.com →

More in Finance & Markets

UN names Nigeria among oil exporters set to benefit from higher energy prices

Nigeria is among the oil and gas exporters positioned to benefit from higher global energy prices, although rising refined fuel costs could offset some of the gains.

  • UNCTAD reports Nigeria among oil exporters benefiting from higher energy prices
  • Conflict in Middle East drives global energy price increase
  • Insufficient domestic refining capacity could offset benefits

More from Saturday 10 October →