BANK PEMBANGUNAN MALAYSIA BERHAD IS COMMITTED TO SUPPORTING THE MID-TERM REVIEW STRATEGIES OF THE 12TH MALAYSIA PLAN
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.