KUALA LUMPUR – Government-linked companies (GLCs) and Petroliam Nasional Bhd (Petronas) are targeting RM58 billion in procurement from Bumiputera companies under Budget 2027.
Tabling the budget in the Dewan Rakyat today, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim said procurement guidelines for GLCs, which have remained unchanged since 2006, would be updated from 2027.
He said the government would also assess the success of Bumiputera vendors based on their business growth, innovation and ability to penetrate new markets, as part of efforts to strengthen their competitiveness and expand business opportunities. – October 9, 2026