MITI’s 2025 Budget Dialogue with Industry Stakeholders

The Ministry of Investment, Trade & Industry (MITI), Malaysia, held the 2025 Budget Dialogue with Industry Stakeholders on 5 August 2024 at MITI Tower, Kuala Lumpur. The Budget Dialogue was chaired by the Honourable MITI Minister, YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz. The Electrical and Electronics Association of Malaysia (TEEAM) was represented by Ts. Lim Sai Seong (Deputy President) and Ms. Tan Ai Peng (Council Member). The Dialogue aimed to gather inputs and ideas from various industry Associations in an effort to formulate proposals for Budget 2025 to be prepared by the Ministry of Finance (MOF). MITI’s Budget Proposal is focusing on one of the Core Agendas within the framework of Malaysia’s MADANI Economy (which was mooted by The Right Honourable Yang Amat Berhormat (YAB) Datuk Seri Anwar Ibrahim), which is raising the economic ceiling to create meaningful job opportunities with reasonable wages; strengthening the preparedness of the country’s industry and trade in the face of changing economic landscape and global demand; and managing the supply chain more efficiently.

Ts. Lim Sai Seong took the opportunity to raise some of the issues faced by our TEEAM Members. Some 26 local industry Associations joined this very important Budget Dialogue Session.