Budget 2025 Focused On Sustainable Development, Talent Growth, Strategic Investments

ISKANDAR PUTERI, Oct 21 (Bernama) -- The allocation of RM421 billion under the MADANI Budget 2025 will set a strong foundation for revitalising the economy, driving positive change and ensuring the well-being of Malaysians, Iskandar Investment Berhad (IIB) president and chief executive officer Datuk Idzham Mohd Hashim said.

He added that the government’s approach reflected its commitment to sustainable growth while maintaining fiscal stability, which would help normalise spending and create a more predictable economic environment.

"The budget provides a clear path forward by maintaining fiscal discipline, encouraging investor confidence, and creating a conducive environment for foreign direct investment (FDI). 

"By focusing on reducing the national debt and rationalising subsidies, the MADANI government is laying a stable foundation that aims to keep inflation in check while stimulating long-term growth, " he said in a statement today. 

Idzham said the RM7.5 billion allocated towards Technical and Vocational Education and Training (TVET) and the emphasis on science, technology, engineering, and mathematics (STEM) in education, reflect the Government’s strategy to future-proof the local workforce. 

"We align with this vision by driving initiatives that foster high-value employment in Iskandar Puteri, collaborating closely with industry leaders, and leveraging EduCity Iskandar, our dedicated education arm. 

"EduCity continues to play a crucial role in attracting top talent and solidifying Johor’s reputation as a centre of excellence in education and innovation," he added. 

Furthermore, he also commended the Budget’s focus on sustainability, such as the incentives for carbon capture, utilisation and storage (CCUS) activities, the introduction of carbon tax and the extension of the net-energy metering (NEM). 

"This would allow us the opportunity to expand further and establish Medini as a Net Zero Carbon Central Business District, where digital innovation and sustainability converge to create a thriving business ecosystem.

"It will also present an opportunity for IIB to attract start-ups and foster the growth of Tech Medini as a dynamic hub for digital innovation in Iskandar Puteri, " he said, adding that IIB remained dedicated to building a sustainable and inclusive metropolis in Iskandar Puteri. 

"We believe that economic growth should go hand in hand with social inclusivity and environmental responsibility. By collaborating with industry leaders and stakeholders, we are creating an ecosystem that integrates technology, sustainability, and talent development, securing Johor’s future as a dynamic and resilient regional powerhouse, " he said. 

-- BERNAMA