Budget 2027: RM30 Million Allocation to Empower Malaysia's Digital Economy

Published 2026-10-23

Prime Minister Datuk Seri Anwar Ibrahim has announced an allocation of RM30 million to the Malaysia Digital Economy Corporation (MDEC) during the tabling of the 2027 Budget. This move is aimed at accelerating the nation's digital transformation and enhancing the global competitiveness of local businesses.

The funds will be used to support various initiatives focusing on the adoption of artificial intelligence (AI) technology in the business sector. The government hopes that this investment will help companies in Malaysia optimize their operations through modern technology.

In addition, this initiative also aims to produce a larger workforce skilled in the digital field. With this financial support, MDEC is expected to be able to conduct more training and skills development programs for local workers so that they are better prepared to face future economic challenges.

The government's main focus is to ensure that every ringgit allocated provides tangible results for the national economy. Through the wider use of technology, businesses in Malaysia are expected to become more efficient, innovative, and capable of contributing to more sustainable economic growth.

Overall, this allocation is a strategic step by the government to make Malaysia a leading digital economy hub in the region. The government will continue to monitor the implementation of this project to ensure that the nation's digitalization goals can be achieved by 2027.

Sources: The Edge Malaysia

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