Malaysia's RM510 billion 2027 Budget aims to lure high-value investment and boost incomes
Banking leaders say Malaysia's RM510 billion 2027 budget is designed to attract quality investment, support business growth and raise household earnings.
CIMB Group CEO Novan Amirudin described the RM510 billion 2027 budget as a vehicle for strengthening competitiveness, drawing quality investment and fostering innovation while linking growth to better living standards. OCBC Malaysia CEO Tan Chor Sen emphasized the budget’s push for higher-value industries, citing developments in Penang, Kulim and Tanjung Malim, and the RM25 billion mobilised by GEAR-uP. Standard Chartered’s interim CEO Mushahid Syed pointed to fiscal discipline, with a projected deficit of 3.3% of GDP and revenue of RM380.8 billion, and highlighted allocations for technical education, SME financing and green tax incentives.
Additional support includes RM60 million for the Malaysia External Trade Development Corporation and RM1 billion from Bank Pembangunan for export-oriented SMEs. Banking executives see the reforms as an opportunity to channel capital into priority sectors and act as partners in sustainable growth.
Why it matters
The budget outlines Malaysia's strategy to attract investment, modernise industry and improve living standards.
How this story developed
- Sep 30 Government Delays Minimum Wage Decision, Targets 2027 Budget for Possible Announcement
- Oct 10 Budget 2027 proposes lifting the national minimum wage to RM2,000 a month from June 2027.
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