Malaysia to raise monthly minimum wage to RM2,000 from June 2027
More than four million workers will benefit, while MSMEs whose annual sales fall below RM50 million will be exempted.
Foreign and domestic investment, new plants, expansion plans and funding.
More than four million workers will benefit, while MSMEs whose annual sales fall below RM50 million will be exempted.
Sabah was allocated RM18.7 billion, compared with RM17.6 billion under the 2026 Budget.
The fund also outlined allocations for start-ups, climate investments, semiconductors and student accommodation.
The Budget 2027 allocation increases the fund to RM10 billion, with RM3.8 billion already approved from its original allocation.
The Selangor project will supply Proton, with annual capacity of 200,000 units and deliveries scheduled to begin in March 2027.
The RM1.2 billion allocation under Budget 2027 includes support for Selangor through a joint fund with the state government.
Potential buyer HNG Capital has exclusivity for due diligence on the 2,433 acres, with the option to terminate the agreement over unsatisfactory findings.
The government will also provide Matrade with RM60 million to help Malaysian companies develop their capacity for overseas expansion.
AIM is to receive RM3 billion, while Bank Simpanan Nasional will provide RM1.7 billion under the Budget 2027 measures.
The Ministry of Finance called for more diverse trading links and stronger domestic supply chains to limit exposure to external disruptions.