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Friday August 30, 2013 MYT 12:00:00 AM
Friday August 30, 2013 MYT 7:46:55 AM
by zuhrin azam ahmad
Deep in discussion: Najib chairing the Bumiputera Agenda Action Council meeting in Putrajaya.
PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak has announced an additional RM4.2bil worth of opportunities for Bumiputera companies in four mega projects.
The projects are the Menara Warisan Merdeka, Bukit Bintang City Centre, development of the Rubber Research Institute (RRI) land in Sungai Buloh and Malaysia External Trade Development Corporation (Matrade) exhibition centre.
He said the opportunities were via the carve-out and compete special allocation.
“The opportunities is 40% of the total value of the projects.
“The rest would be distributed via open tenders,” he said after chairing the Bumiputera Agenda Action Council meeting here yesterday.
Najib added that the four projects had varied timelines but were expected to be implemented over the next five years.
He also said the Bumiputera Agenda Coordinating Unit (Teraju) has created RM18.2bil worth of business opportunities, financing and human capital development for Bumiputera companies through strategic collaboration with various government agencies and private firms.
“To date, Teraju has approved facilitation grants totalling RM412.2mil for 87 projects implemented by Bumiputera companies from diverse sectors, with private investments amounting to RM3.7bil.
“This initiative has helped create about 13,000 job opportunities,” he said.
Najib also said the participation of Bumiputera companies in the High Performing Bumiputera Companies Programme (Teras) has increased to 450 companies.
On another matter, Najib said the government is still studying the Trans-Pacific Partnership Agreement (TPPA) including its impact on local businesses and was looking into the input given by various parties.
“It is being studied, including by Teraju, on its impact on Bumiputera participation,” said Najib.
The controversial agreement received resistance from many parties including the Malay Economic Action Council (MTEM) which has submitted a 75-point resolution to the Government aimed at ensuring a better deal for Malaysia.
The resolution was handed to Najib on Wednesday which, among others, contained concern over the agreement’s impact on small and medium enterprises, government procurement, intellectual property, financial services, telecommunications and public health.
The TPPA is an international trade pact being negotiated among Pacific Rim countries Malaysia, Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam to deal with current trade issues.
Tags / Keywords:
Business, Government, najib razak/ teraju/ menara warisan merdeka/ mrt/ bumiputera companies
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