Govt will boost Bumis’ status without hurting other races, PM says

Ragananthini Vethasalam Diyana Ibrahim Ragananthini Vethasalam, Diyana Ibrahim Updated 5 years ago · Published on 13 Aug 2020 11:25AM · 9 Comments

THE Perikatan Nasional government is working to boost Bumiputeras’ socioeconomic status without hampering other races’ opportunities and rights, Muhyiddin Yassin told the Dewan Rakyat this morning.

Although there have been successful efforts to enhance the community’s standard of living, said the prime minister, their socioeconomic standing needs to be improved.

He said the incidence of poverty among Bumiputeras last year stood at 7.2% compared to 1.4% among the Chinese and Indians (4.8%).

Bumiputera equity holdings in the corporate sector in 2015 were at 16.2% compared to the 30.7% held by non-Bumiputeras and foreigners (45.3%).

“The unemployment rate among Bumiputeras was 3.7% in 2019 compared to the national average of 3.3%,” said Muhyiddin.

He said the PN government is committed to steering the Bumiputera agenda as a national one.

Putrajaya has set up the Bumiputera Prosperity Council, chaired by Muhyiddin, to guide the said agenda and expedite initiatives to improve the community’s socioeconomic status.

The Bumiputera agenda will be driven through the Shared Prosperity Vision 2030 and 12th Malaysia Plan, which will be tabled next year.

Muhyiddin was replying to Mujahid Yusof Rawa (Parit Buntar-PH), who asked about the measures taken to bolster the Bumiputera economy.

The prime minister said the spirit of entrepreneurship will be instilled in the community via joint efforts between agencies such as Perbananan Usahawan Nasional Bhd, Majlis Amanah Rakyat and Bumiputera Agenda Steering Unit (Teraju).

Teraju has been made the coordinating agency for these initiatives, and is the sole coordinator of the Bumiputera database across ministries, government departments and government-linked companies.

In addition, said Muhyiddin, efforts will be channelled towards education and human capital development for B40 and M40 households, with scholarship programmes to be offered, among others.

“Other initiatives include the Carve Out & Compete policy, and key performance indicators for Bumiputera achievement in ministries, departments, agencies and GLCs. Bumiputera holdings in equity and strategic assets will be improved, too.”

Hasan Arifin (Rompin-BN) asked whether the government will promote “genuine” joint ventures between Bumiputera and non-Bumiputera businesses, to which Muhyiddin said the government will consider the suggestion.

Mujahid, in a supplementary question, asked about the government’s stance on the Buy Muslim First campaign that was pushed by Umno and PAS during the previous Pakatan Harapan administration.

The prime minister pointed to the recent launch of the Buy Malaysian First campaign, which is aimed at promoting local products, including those certified halal, to spur an economy hit hard by the Covid-19 pandemic. – August 13, 2020.

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Comments

  • The foreigners equity quota is very high. Bumis should buy from them to increase the quota. Should use their own money!! Not Treasury money

    Posted 5 years ago by Aplanaidu Pathanaidu · Reply

  • Oh yeah? Havent we heard that before? From Mahathir, Anwar and every other Malay politician fishing for non Malay votes. How many times you need to repeat that. Janganlah kuat sangat berbohong, buat menjatuhkan maruah Melayu saja.

    Posted 5 years ago by No Gostan · Reply

  • Once burnt twice shy.

    Posted 5 years ago by Tanahair Ku · Reply

  • Seriously BS

    Posted 5 years ago by Lan Lan · Reply

  • You can lift the status in another 60 years, and another 60 years, and another...

    Posted 5 years ago by Tanahair Ku · Reply

  • There is word in human context called Bumiputra. MOTHER EARTH IS ACCMODATING ALL HUMAN EQUALLY. The day the malays stop using tax payer money for themselves alone Only that day they can be elevated with Dignity . Muslims use non muslim tax payer money leaving Nothing for non muslim to USE. Buang Tongkat jadi Manusia yang INDEPENDANT

    Posted 5 years ago by Lucky Boy · Reply

    • Malaysia may be the only country in the world that the majority race enjoys the privilege while the country has politicians constantly telling them (the majority) that they are facing threats from the minority.

      Posted 5 years ago by Tavern Folks · Reply

  • Bumi in control since independence. We still hearing this kind of statement after 63 years. How come umno still claim Malay is being threaten by other races? It Is just an excuse to continue stay in supremacy and control cover their weakness and corrupted practices

    Posted 5 years ago by Wei Kuan Tan · Reply

  • Again? Bumis status as Tuan after being boosted will become what?

    Posted 5 years ago by Loyal Malaysian · Reply