PM Anwar: Efforts to empower Bumiputera shift from selected companies to more entrepreneurs

KUALA LUMPUR, Sept 11 — Efforts to empower Bumiputera will now shift from focusing on selected companies to empowerment programmes involving more entrepreneurs and small and medium scale Bumiputera companies, said Prime Minister Datuk Seri Anwar Ibrahim.

“Previous plans in the Bumiputera empowerment agenda only focused on the participation in the economy sector based solely on equity ownership. After five decades, this ownership has yet to reach the 30 per cent target set. He said the effectiveness of the role of Bumiputera-mandated agencies such as Majlis Amanah Rakyat , Bumiputera Agenda Steering Unit and Ekuiti Nasional Berhad will be enhanced through realignment of strategies and initiatives to empower the Bumiputera agenda.

Anwar said Bumiputera companies would also continue to have the opportunity to receive the benefits of funding support from the entire fund allocated by the government to 16 Bumiputera agencies, including MARA, Amanah Ikhtiar Malaysia , TEKUN Nasional, Ekuinas, Teraju and Permodalan Nasional Berhad .

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