Business Today - Budget 2023 Malaysia Madani Supports Delivery Of Impact Capital For National Development, Says Bank Pembangunan Group CEO
KUALA LUMPUR, 24 February 2023
Bank Pembangunan Malaysia Berhad (BPMB) Group Chief Executive Officer Roni L. Abdulwahab expressed the Bank’s gratitude to the Government for presenting Budget 2023. As the country’s premier Developmental Financial Institution (DFI), BPMB is committed to working closely with the Government to ensure sustainable growth for Malaysia by delivering impact capital for national development.
Budget 2023 mandates BPMB to provide financing of up to RM6 billion for strategic development projects that promote sustainability and automation, as well as equity and working capital support for high-performing companies that are still dealing with the COVID-19 pandemic’s adverse effects.
BPMB’s response to the Budget Statement is as follows:
The MADANI Budget aligns with BPMB’s purpose of delivering impact capital for national development. Our MIND impact assessment framework evaluates development projects not only for financial and economic viability but also from an environmental and social inclusivity perspective to ensure balanced and sustainable national development.
BPMB’s Dedicated Schemes: Sustainable Development Financing Scheme; Industry Digitalisation Transformation Scheme; Maritime and Logistic Scheme; Tourism Infrastructure Scheme; and National Development Scheme; embody the values that form the Pillars of MADANI which stands as Sustainability, Prosperity, Innovation, Respect, Trust and Compassion.
BPMB has been a strong partner to businesses since its inception, supporting the development of Malaysia’s economy and improving the lives of the Rakyat. With this Budget, we renew this commitment and are proud to continue to serve the nation.