Hanoi:Bank Pembangunan Malaysia Bhd (BPMB) has been assigned more than RM7 billion by the government for strategic initiatives within seven priority sectors as part of Budget 2027.

According to BERNAMA News Agency, these sectors include export empowerment, sustainability, transportation and logistics, entrepreneur development, high-growth and high-value industries, tourism, and infrastructure. These initiatives align with the Budget 2027 theme, 'Malaysia MADANI Reaching for the Skies, While Anchored on Our Values,' focusing on productivity, investment, competitiveness, and sustainable economic growth.

BPMB stated that these initiatives align with the group's mandate, aiming to translate Budget 2027's priorities into targeted financing and measurable development outcomes. The Budget’s allocation of approximately RM510 billion is directed towards advancing growth, productivity, sustainability, and economic reform under the MADANI economic framework and the 13th Malaysia Plan.

The budget also empowers BPMB to address financing gaps, foster strategic sectors, and support Malaysian businesses in expanding from domestic growth to international markets. The integration of SME Bank Malaysia Bhd (SME Bank) and EXIM Bank Malaysia Bhd (EXIM Bank) is expected to enhance BPMB's mandate as Malaysia's unified development finance group by increasing capital strength and capabilities, thereby expanding access to development financing and accelerating strategic investments.