Rafizi: Realignment of Bumiputera-mandated agencies helps to double Bumiputera companies on Bursa Malaysia

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Three Bumiputera-mandated agencies under the supervision of the Ministry of Economy are realigned in line with the Madani Government’s goal to empower and boost Bumiputera economic participation in a strategic, sustainable and effective manner.“This is one of the government’s measures to add more quality and resilient companies to go all the way to listing,” he told the media after attending the Scaling Up Bumiputera Value Creation event here today.

“So if we channel this way by focusing on companies that are resilient, we can double the number of Bumiputera companies that are resilient to be listed,” he said.“If, for example, the Bumiputera company grows vegetables but can still become big, it needs to be supported. We want the entrepreneur who started the business to develop a business model that brings profit and resilience regardless of which sector.

“We need liquidity, so agencies like Yayasan Peneraju will recollect loans given before so that we can sponsor more,” he said.

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