PETALING JAYA: The numerous initiatives underlined in Budget 2018 strengthen transformation plans in the overall pursuit of the bumiputra agenda, said the Government’s Bumiputra Agenda Steering Unit (Teraju).
Its CEO Datuk Husni Salleh said the initiatives provide a more holistic, inclusive, focused and viable approach towards promoting the country’s national, economic and social development and wellbeing.
Provisions such as the RM555mil allocation for bumiputra entrepreneurship enhancement programmes reaffirm the national commitment to promoting greater success among the bumiputra with rational, practical and viable approaches designed to uplift the country’s socio-economic fabric, he said.
Others include the RM155mil for bumiputra vendor capacity development, RM90mil in Peneraju Professional, Peneraju Skill and Peneraju Tunas programmes, and RM2.5bil in scholarships for undergraduates pursuing studies in artificial intelligence.
“The provisions for Superb (Skim Usahawan Permulaan Bumiputra) will generate more creative and innovative talent among young entrepreneurs,” he said, adding that RM73.75mil has been given since 2014 and Teraju is delighted that opportunities abound.
“In an increasingly competitive economic and rapidly progressive social landscape, the Budget addresses the many critical areas that we as bumiputras must embrace in pursuit of excellence,” Husni said.
Malay Businessmen and Industrialists Association of Malaysia (Perdasama) president Datuk Moehamad Izat Emir said the RM555mil for bumiputra entrepreneurship enhancement will especially benefit the younger generation.
“Many are struggling and they are willing to learn more skills... to improve their chances to compete locally and internationally,” he said.
He also noted that the allocation would encourage bumiputra business owners to expand to other Asean countries.
“There are opportunities to venture into in all the Asean countries,” he said.