Release dynamism of Bumiputra business with small banks

I WISH the on-going Bumiputra Economic Congress a great success in bringing about policy changes that can lift the standard of living of the Bumiputra, alongside other Malaysians, to the level of the G7 countries in my lifetime. To do that, both the educational level of Bumiputra Malaysians and the technological level of Bumiputra-owned firms must converge to G7 levels. This article would focus on technological convergence.

As over 97% of Malaysian firms are MSMEs (micro-small-medium enterprises) and 84% of MSMEs are Bumiputra-owned, the average Bumiputra firm is an MSME.