Affin Group has lauded Budget 2026 as a prudent and forward-looking plan that reinforces Malaysia’s fiscal resilience while positioning the country as a key player in intra-regional and renewable energy (RE) trade within Southeast Asia.
Group President and Chief Executive Officer Datuk Wan Razly Abdullah said the government’s commitment to fiscal consolidation, narrowing the deficit from 4.1% of GDP in 2024 to 3.5% in 2026, underscores disciplined financial management and long-term economic stability.
“Budget 2026 strikes the right balance between reform, inclusivity and fiscal prudence. The focus on sustainable growth and structural transformation aligns with the Madani Economic Framework and Malaysia’s ambitions under the 13th Malaysia Plan (2026-2030),” he said.
Wan Razly welcomed the government’s emphasis on investment and trade facilitation, including efforts to streamline approval processes, enhance bureaucratic efficiency and realign incentives toward high-value, technology-driven industries.
“These reforms will strengthen Malaysia’s position as a regional hub for intra-ASEAN trade and renewable energy exchange, attracting quality investments that drive innovation and productivity,” he added.
He also commended continued support for small and medium enterprises (SMEs) and micro-SMEs, noting that targeted financing facilities will encourage innovation, digital adoption and resilience among small businesses, vital pillars of Malaysia’s domestic economy.
“Affin remains committed to supporting the government’s reform agenda by financing sustainable growth, empowering MSMEs and driving Malaysia’s journey toward becoming a high-income, competitive economy,” Wan Razly said.
Source: https://www.businesstoday.com.my/2025/10/12/budget-2026-positions-malaysia-as-an-intra-regional-trade-and-re-hub-affin-ceo-says/