2027 Budget: BPMB gets over RM7bil to fund seven key sectors
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) has been allocated more than RM7 billion under the 2027 Budget to finance strategic initiatives across seven priority sectors.
The 2027 Budget has allocated over RM7 billion to the Bank Pembangunan Malaysia Bhd (BPMB) for financing seven key sectors: exports, sustainability, transportation and logistics, entrepreneurship, high-growth and high-value industries, tourism, and infrastructure. The funding aims to support investment, productivity, and competitiveness while addressing financing gaps faced by Malaysian businesses.
Under the export empowerment agenda, RM1 billion is being allocated to help Malaysian businesses expand into international markets amid global uncertainties. For sustainability, RM2 billion has been allocated under Dana Kelestarian Alam 2.0 to finance companies adopting low-carbon initiatives and transitioning towards sustainable operations.
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.
