Budget 2026: Govt introduces ABE status to support growth of local companies in ASEAN

KUALA LUMPUR: The government will introduce the ASEAN Business Entity (ABE) status coordinated by the Securities Commission Malaysia (SC) to facilitate the movement of skilled talent, thus supporting the growth of Malaysian companies in ASEAN.

Prime Minister Datuk Seri Anwar Ibrahim said the status was given to public-listed companies that have a broad market footprint in ASEAN and mid-sized companies with the potential to expand operations.

The establishment of ABE was first proposed by the chairman of the ASEAN Business Advisory Council (ASEAN-BAC) Malaysia, Tan Sri Nazir Razak.

ASEAN-BAC Malaysia proposes that ASEAN countries recognise a category called ABE to foster companies that are not local or global in nature to stimulate more regional businesses.

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