Hanoi:Bank Pembangunan Malaysia Bhd (BPMB) has been entrusted with more than RM7 billion by the government for strategic initiatives targeting seven priority sectors under Budget 2027.

According to BERNAMA News Agency, the priority sectors identified for these initiatives are export empowerment, sustainability, transportation and logistics, entrepreneur development, high-growth and high-value industries, tourism, and infrastructure. These efforts are aligned with the theme of Budget 2027, "Malaysia MADANI Reaching for the Skies, While Anchored on Our Values," and aim to boost productivity, investment, competitiveness, and sustainable economic growth.

BPMB stated that the initiatives align with the group's mandate to translate Budget 2027's priorities into targeted financing and measurable development outcomes. The budget, with an allocation of approximately RM510 billion, seeks to foster stronger growth, productivity, sustainability, and economic reform under the MADANI economic framework and the 13th Malaysia Plan (13MP).

The bank highlighted that the budget allocation allows BPMB to address financing gaps, promote strategic sectors, and support Malaysian businesses in their domestic growth and international expansion. The integration of SME Bank Malaysia Bhd (SME Bank) and EXIM Bank Malaysia Bhd (EXIM Bank) further enhances BPMB's mandate as Malaysia's unified development finance group, providing greater capital strength and expanded capabilities to enhance access to development financing, accelerate strategic investments, and deliver measurable development impacts as outlined by Bank Negara Malaysia's Performance Measurement Framework.