Home > News > Nation
Sunday September 15, 2013 MYT 12:00:00 AM
Sunday September 15, 2013 MYT 11:56:30 AM
Safeguard: Najib and Deputy Prime Minister Tan Sri Muhyiddin being briefed by Kenaf Bio Solutions Sdn Bhd managing director Datin Naru Aini Ab Rahman about fabric derived from the Kenaf tree at UiTM. — Bernama
SHAH ALAM: Datuk Seri Najib Tun Razak announced a massive economic empowerment agenda for bumiputras while thanking the community for their strong support for Barisan Nasional in the 13th general election.
The Prime Minister said: “Based on the support of the Malays and other bumiputras in the 13th general election, the Government has decided to take a quantum leap to implement concrete and thorough strategies and approaches. We call this bumiputra economic empowerment, and it is to safeguard the community now and forever.”
He also stressed that the majority community needed a big boost for Malaysia to become a developed nation when he launched the bumiputra economic empowerment agenda here yesterday.
The agenda focuses on five main thrusts:
> Empowering bumiputra human capital;
> Strengthening bumiputra equity ownership in the corporate sector;
> Strengthening bumiputra non-financial asset ownership;
> Improving bumiputra entrepreneurship and business; and
> Strengthening the services delivery ecosystem.
To increase bumiputra equity ownership in the corporate sector, Permodalan Nasional Bhd will launch Amanah Saham Bumiputra 2 with 10 billion units.
Ekuiti Nasional Bhd will, meanwhile, take the lead in the Jejak Jaya Bumiputra scheme, which is to assist bumiputra-owned companies to be listed on Bursa Malaysia.
These measures will be implemented by the Bumiputra Economic Council, which the Prime Minister will chair. The new body replaces the Bumiputra Agenda Action Council.
Najib said the bumiputra agenda was a national agenda because the country would not have the peace and stability to become a developed nation if the majority of bumiputras felt threatened or neglected.
A strategy for empowering bumiputras is to set their participation, including vendor procurement, as part of the key performance index of chief executive officers of government-linked companies.
In the oil and gas sector from now until 2017, Petronas is running some key projects upstream and downstream. Through these projects, bumiputra companies can benefit from contracts valued at RM20bil annually, Najib said.
He said that bumiputras also lagged behind in the ownership of non-financial assets such as houses, industrial premises and commercial complexes. Syarikat Perumahan Rakyat 1Malaysia and Syarikat Perumahan Negara Bhd have been instructed to build more affordable houses for bumiputras nationwide.
Najib also announced the setting up of a RM1bil Mara Education Fund and increased allocations for entrepreneurial institutions Tekun Nasional and Amanah Ikhtiar Malaysia.
He said that Tekun and Ikhtiar would get an injection of RM700mil and RM300mil, respectively, to be loaned to entrepreneurs.
A new scheme to help bumiputra start-ups called Superb will also be launched with an allocation of RM100mil.
Najib also said the “carve-out” policy used in the MRT project would be extended to other big projects such as Warisan Merdeka Tower, Bukit Bintang City Centre, Matrade Exhibition Centre and Rubber Research Institute in Sungai Buloh.
Policy won't hinder others
Out-come based targets needed, says MTEM chief
MEB not a step back from NEM, says ex-NST editor
Wee: Affirmative action moves should be colour-blind
Tags / Keywords:
Copyright © 1995-2013 Star Publications (M) Bhd (Co No 10894-D)