Monday, 11 September 2023, Kuala Lumpur – Bank Pembangunan Malaysia Berhad (BPMB) welcomes the new framework for Mid-Term Review (MTR), with the theme of ‘Malaysia MADANI: Sustainable, Prosperous, High Income’ in ensuring the targeted outcomes under the 12th Malaysia Plan (12MP) are achieved, as announced by the Prime Minister, Datuk Seri Anwar Ibrahim today.

The MTR framework is a holistic approach towards making Malaysia a high-income nation under the MADANI Economic Narrative (MEN), with measures to advance the economy through the New Industrial Master Plan (NIMP) and the National Energy Transition Roadmap (NETR), that are balanced with measures to ensure quality and just life for all Malaysians.

BPMB applauds the government’s announcement to increase the ceiling for total allocation by RM15 billion to RM415 billion for the 12MP, with a commitment to spend at least RM90 billion annually for the remaining years of the plan (2023 – 2025). This reflects the government’s recognition of the huge need of impact capital to make Malaysia a high-income and industrialised nation.

Roni Abdulwahab, Group CEO of BPMB, shared “BPMB is committed to working closely with the government to support the 12MP. RM5.9 billion has been earmarked for strategic development projects under Budget 2023, to deliver impact capital for national development”.

“Our assessment framework, Measuring Impact on National Development (MIND) ensures all our financing deliver social, economic and environmental impact, which aligns with the objectives of Malaysia MADANI.”

As a leading DFI, BPMB will continue to play a big role in supporting the government’s initiatives for strategic and high-impact industries, digitalisation as well as the provision of social infrastructure for the Rakyat over the last 50 years.

ABOUT BANK PEMBANGUNAN MALAYSIA BERHAD

Bank Pembangunan Malaysia Berhad (BPMB) was incorporated on 28 November 1973 as a development financial institution. This year BPMB celebrates its 50th anniversary of delivering impact capital for national development.

Owned by Minister of Finance (Incorporated), BPMB has been accorded the highest rating of ‘AAA’ by both RAM Rating Services Berhad and Malaysia Rating Corporation Berhad. It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.

With a Group Total Assets value of RM27.0 billion (as at 31 December 2022), the BPMB Group is well positioned to meet the financing and business development needs of Malaysian businesses.