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

Malaysia's 2027 budget aims to strengthen the country's long-term competitiveness and economic growth by prioritizing the people, according to Khazanah Nasional. Amirul Feisal Wan Zahir, Khazanah Nasional's director of Corporate Affairs, stated that the budget is strategically set at a crucial time for Malaysia as the nation continues to navigate an uncertain global environment influenced by geopolitical uncertainty, supply chain pressures, and high oil prices stemming from ongoing conflicts in the Western Asia region.

The 2027 budget emphasizes quality growth by focusing on strategic sectors and areas such as semiconductors, energy transition, infrastructure, corporate development, and talent, with the goal of building a stronger, more competitive, and prepared economy for the future. This is particularly important for strengthening Malaysia's industrial base, increasing economic complexity, and creating higher-value opportunities for business and workers.

The budget also maintains an inclusive approach to ensure national development benefits all segments of society, including workers, youth, entrepreneurs, Bukit Malays, small and medium-sized enterprises (SMEs), and communities that need to strengthen their ability to face economic challenges and climate change. The focus on vendor development, innovation, and access to new markets will create more opportunities for Bumiputera-led businesses to grow.

Khazanah Nasional will continue to support Malaysia's economic and development priorities through Impact Funds, Development Capital, Innovation Fund, Heritage Fund, K-Youth, Madani Talent, Hasanah Foundation, and other platforms that support company development, talent, innovation, community resilience, and national competitiveness in the long term.

They will also continue to work with other GLICs under the GEAR-up program by the Ministry of Finance to effectively mobilize capital through disciplined investment, joint ventures, and impact-focused programs, helping to 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.

This story

This is one outlet's version. Read the fullest account.

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 →