Malaysia

The investments support the broader aspirations of the Thirteenth Malaysia Plan (RMK13) and the Bumiputera Economic Transformation Plan 2035 (PuTERA35) to strengthen strategic industries, develop homegrown capabilities and enable more Bumiputera companies to participate in high-growth, high-value (HGHV) sectors.

Malaysia’s 2027 budget maintains a gradual reduction in the fiscal deficit despite elevated subsidy and social-support spending, with a general election due by February 2028. The deficit target of 3.3 percent of GDP, from a slightly upward revised 3.6 percent in 2026, preserves the government’s medium-term consolidation path, Fitch Ratings said.

Salary Hero, a Bangkok-based financial health platform, has raised $7.6 million in Series A equity funding.

A group of seven banks has arranged an expanded multi-currency financing package of MYR15 billion ($3.7 billion), for DayOne Data Centers, a Singapore-headquartered digital infrastructure company.

Bitdeer Technologies Group, a Singapore-headquartered technology company for AI and Bitcoin mining infrastructure, has signed an eight-year data center services agreement for a 60-MW facility in Malaysia.

The expansion, made through a partnership with Thailand-based market-access and B2B consultancy RevSEA, kicked off last month with the launch of an 18-month gamified marketing campaign for one of Myanmar’s largest e-wallet providers.

The MoU builds on the existing relationship between GENM and Alibaba Cloud, following their previous collaboration with Genting SkyWorlds Theme Park, where AI and cloud technology was explored to support the guest experience.

Malaysia’s Budget 2027 offers tax relief for middle-income earners and small and medium-sized enterprises (SMEs), alongside incentives for strategic industries, as the government seeks to stimulate economic activity while narrowing the fiscal deficit, according to PwC Malaysia tax leader Steve Chia.

According to Anwar, Malaysia's economy is projected to expand by a commendable 4.2 percent to 5.2 percent in 2027. Growth in 2026 is projected at between 4.8 percent and 5.3 percent.

The additional allocation is expected to benefit around another 9,000 small and medium enterprises (SMEs) including microenterprises to have access to affordable working capital, Bank Negara said in a statement following the tabling of Budget 2027.