Amir Hamzah says broader economy gives Malaysia buffer against 2027 risks
The minister cited diversified export destinations, stronger public finances and domestic investment as support for economic resilience.
Malaysia’s broader industrial base and improved fiscal position will help it absorb external disruptions and sustain growth in 2027, Finance Minister II Datuk Seri Amir Hamzah Azizan said.
Speaking to Bernama in Bangkok, he identified geopolitical tensions, changes in global trade and economic uncertainty as continuing risks. He said experience with earlier crises had improved Malaysia’s ability to respond.
Amir Hamzah cited trade growth of 27% over the first eight months against the corresponding year-earlier period. No individual export destination takes more than 17% of Malaysia’s exports, he said, giving businesses scope to shift towards markets performing better.
He said the economy now spans sectors including semiconductors, data centres and advanced manufacturing, alongside commodities and oil and gas. The government is also developing domestic industrial networks so manufacturers can obtain more components locally and limit international supply disruptions.
On public finances, he said reforms had increased the government’s capacity to handle shocks. Its response to tensions in West Asia focused on securing supplies and targeted aid, including wider financing support, rather than subsidies alone.
The government is encouraging government-linked investment companies (GLICs) to back strategic domestic industries while maintaining commercial returns, he added. He also cited RM431.8 billion in approved investments, with foreign and domestic direct investments contributing about half each.
