Govt committed to raising Bumi involvement in large projects, says PM
Ismail Sabri Yaakob says the socio-economic status of Bumiputeras still needs improvement. (Bernama pic)
KUALA LUMPUR: The government is committed to increasing the involvement of Bumiputera businesses in large-scale national projects, Prime Minister Ismail Sabri Yaakob said.
He said the government was also committed to reviewing the procurement policies of government-linked companies (GLCs) and government-linked investment companies (GLICs), as well as issues related to Bumiputera corporate equity, which was still far below the 30% target.
“In this regard, the government is reviewing the Equity Safety Net (ESN) mechanism to ensure that shares held by Bumiputera-mandated agencies remain in the Bumiputera group of companies.
“This mechanism will be fine-tuned to achieve Bumiputera equity and value without giving too much impact on the competitiveness of the relevant agencies,” he said at the launch of the Bumiputera Development Action 2030 (TPB2030) here today.
Ismail said although Bumiputeras were the majority racial group in the country at 20.9 million, or 69.7% of the population, their socio-economic status still needed improvement, especially in terms of the wealth gap, income gap and asset ownership.
“Bumiputeras need to be helped in new and more structured ways. Nobody will be left out or forgotten, in line with the essence of the 12th Malaysia Plan (12MP),” he said.
He said Bumiputera success was not just a Bumiputera agenda alone, but would bring returns to the country as a whole.
“We are also able to drive the Bumiputera agenda to the global stage with the empowerment of high-tech fields, improving the quality of graduates in science, technology, engineering, and mathematics and technical and vocational education training,” he said.
KUALA LUMPUR: The government is committed to increasing the involvement of Bumiputera businesses in large-scale national projects, Prime Minister Ismail Sabri Yaakob said.
He said the government was also committed to reviewing the procurement policies of government-linked companies (GLCs) and government-linked investment companies (GLICs), as well as issues related to Bumiputera corporate equity, which was still far below the 30% target.
“In this regard, the government is reviewing the Equity Safety Net (ESN) mechanism to ensure that shares held by Bumiputera-mandated agencies remain in the Bumiputera group of companies.
“This mechanism will be fine-tuned to achieve Bumiputera equity and value without giving too much impact on the competitiveness of the relevant agencies,” he said at the launch of the Bumiputera Development Action 2030 (TPB2030) here today.
Ismail said although Bumiputeras were the majority racial group in the country at 20.9 million, or 69.7% of the population, their socio-economic status still needed improvement, especially in terms of the wealth gap, income gap and asset ownership.
“Bumiputeras need to be helped in new and more structured ways. Nobody will be left out or forgotten, in line with the essence of the 12th Malaysia Plan (12MP),” he said.
He said Bumiputera success was not just a Bumiputera agenda alone, but would bring returns to the country as a whole.
“We are also able to drive the Bumiputera agenda to the global stage with the empowerment of high-tech fields, improving the quality of graduates in science, technology, engineering, and mathematics and technical and vocational education training,” he said.
Wakakakakaka…
ReplyDeleteAfter so many attempts in the past 40yrs of the privileged entitlements, the 'Bumiputera agenda' is still wailing at the same starting line!
Either that melayu race is truly doomed to be handfed for life or most of them r willingly to be manipulated by their blood sucking elite just for some table crumbs - with self pitied racial pride too!