KUALA LUMPUR: The government is committed to increasing the involvement of bumiputra businesses in large-scale national projects, says Prime Minister Datuk Seri Ismail Sabri Yaakob.
He said the government was also committed to reviewing procurement policies imposed by government-linked companies and government-linked investment companies, as well as issues related to bumiputra corporate equity, which was still far below the 30% target.
“In this regard, the government is reviewing the Equity Safety Net mechanism to ensure that shares held by bumiputra-mandated agencies remain in the bumiputra group of companies.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
