10-08-2023, 08:58 AM
Five decades of helping the Bumiputeras have not achieved the desired results, and Prime Minister Anwar Ibrahim has decided to set a new direction and approach that is more fair, equitable and inclusive.
In January, the government will host a Bumiputera economic congress to empower the community and address their failure in acquiring 30% equity ownership in the economy.
The emphasis will shift from focusing on selected companies to programmes that will involve more entrepreneurs, including small and medium-sized enterprises. The aim is to create a middle-class category of Bumiputeras who can “build their business and increase their income, instead of relying on wages”.
Anwar previously indicated that the affirmative action policies should shift from race-based to needs-based. If that were the case, why can’t a Malaysian economic congress be held instead of the one for Bumiputeras?
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