Big step up for bumiputra

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.