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Thursday September 12, 2013 MYT 12:00:00 AM
Thursday September 12, 2013 MYT 7:24:17 AM
KUALA LUMPUR: Datuk Seri Najib Tun Razak will announce a comprehensive policy on Saturday to spur bumiputra participation in the economy.
Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar said the Prime Minister would focus on, among others, human capital development, equity ownership and property ownership by bumiputras.
He said information had been collected from agencies and NGOs on measures to strengthen bumiputras’ involvement in the nation’s economic sector.
“We’ve compiled the feedback and have forwarded them to the Prime Minister. The policies will take into account issues that were deliberated in-depth at the Bumiputra Agenda Action Council meeting recently,” he said.
Abdul Wahid said that up to 2011, the poverty rate had declined to 2.2% from 64.8% in the 1970s.
“In terms of equity ownership, the percentage has increased to 23.5% on par value in 2011 compared with only 2.4% previously,” he said.
In terms of property ownership, Abdul Wahid said bumiputras only owned 5%.
“Although there are improvements, the percentage is still low and we have to step up efforts to increase their participation in the equity and property sectors,” he said.
Abdul Wahid said the Government aimed for 30% equity ownership by bumiputras by 2020 in line with the objective to transform Malaysia into an advanced nation.
On human capital development, Abdul Wahid said bumiputras’ involvement in the professional sector showed improvement, particularly in the legal and medical fields.
“Although there is significant progress, there are still areas where bumiputras’ participation should be further increased,” he said. — Bernama
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