KUALA LUMPUR, Feb 27 (Bernama) — We are pleased to see the Malaysian Government’s focus on driving sustainable economic growth through Malaysia MADANI Budget 2023. As Malaysia’s economy continues to recover, the prudent, targeted and inclusive approach taken provides an optimal balance in helping the Rakyat and businesses alike to navigate the ongoing uncertain environment.
In driving economic recovery, we are encouraged to see financing support for start-ups as well as small and medium enterprises (“SMEs”). These include, among others, RM2 billion in financing to support sustainable technology startups and to help SMEs adopt low carbon practices, as well as RM1 billion to help SMEs automate business process and digitalise their operations. The focus on sustainability as well as digitalisation will strengthen the growth and resilience of our SMEs, and ensure our economy is future-proofed. This is also aligned with CIMB Group’s sustainability agenda and our aspiration to become an ASEAN sustainability leader, where we recognise the critical role of financial institutions in catalysing the adoption of ESG-aligned practices.