Malaysia's Budget 2025 prioritizes inclusivity, wealth distribution, and social issues while ensuring prudent fiscal management. Key initiatives include a new investment framework for the E&E sector and high-value activities, focus on STEM training, TVET, and AI development, and a RM1,700 minimum wage.
Budget 2025: Malaysia ns, here’s all your incoming individual income tax reliefs; and if you are a worker, RM1,700 minimum wage is coming tooGovt plans record RM421b spending in Budget 2025, aims to cut deficit to 3.8pc of GDP, reforms to drive revenue growth
According to the Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz, MITI will continue to work closely with all stakeholders to ensure that the implementation of the presented initiatives runs smoothly and contributes to the prosperity of the country’s economy. The New Investment Incentive Framework which focuses on high-value activities compared to the existing incentives, which are based on specific products, is expected to be implemented in the third quarter of 2025.
This also includes a RM40 million initiative under Matrade to help Malaysian exporters on the international stage, particularly exploring new markets in Africa, Latin America, and the Middle East as well as an allocation of RM750 million to EXIM Bank to encourage local exporters to expand operations to foreign markets.
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