KUALA LUMPUR, Oct 9 - The federal government will allocate RM60 million to the Malaysia External Trade Development Corporation (Matrade) to help build local companies’ capacity to enter and diversify their overseas markets, Prime Minister Datuk Seri Anwar Ibrahim said today.
In his Budget 2027 speech, Anwar said Bank Pembangunan Malaysia Berhad (BPMB) will also prepare RM1 billion to support local micro, small and medium enterprises (MSMEs) to explore the export market.
Anwar said the federal government together with the civil servants’ pension fund KWAP will set up a RM50 million UNIVC fund to bring universities’ research to the market, and added that the government will also bear the preliminary risk to enable more private capital to support local inventions.
