KUALA LUMPUR: The development and socio-economic situation of the Bumiputera and the Malays will remain the prioritized agenda for Pakatan Harapan (PH) government`s forward policy.
Minister of Economic Affairs, Datuk Seri Mohamed Azmin Ali said the agenda to strengthen and empowering Bumiputera/Malays` economic growth remains following the equity of Bumiputera in the corporate sectors have not reached 30 percent as targeted.
He added, the income of a Bumiputera household is RM6,267 as compared to non-Bumiputera at RM8,213 in 2016; skilled workers in 2017 at 29.4% for Bumiputera and non- Bumiputra 36.3% in 2017; ownerships of houses transactions at 38.8% or RM5.636 billion for Bumiputera and non Bumiputera at 56.7% or RM8.23 billion.
He said Bumiputera ownerships in commercial properties reached 9.8% or RM0.216 billion while non-Bumiputera at 46% or RM1.016 billion.
Mohamed Azmin added, the New Economic Policy (DEB) and the New Economic Model (MEB) nevertheless have contributed to the growth of the Malaysian economy towards reaching a developed nation.
However he said, there is still room for improvement and that includes the Bumiputera and other races interests.
“PH Government will adhere to the system of distributing the national’s wealth in accordance to the needs of the people,” he said in the Dewan Rakyat in summarising His Majesty Yang di-Pertuan Agong, Sultan Muhammad V’s royal address on the opening of the 14th Parliament session on July 17 2018.
The Minister stressed that the PH Government’s policy on Bumiputera/Malays agenda will be reflected in the mid-term review of the Eleventh Malaysia Plan (11MP) that will be tabled at the end of 2018.
He said that in replying to questions asked by Jeli Member of Parliament (MP) Datuk Seri Mustapa Mohamed on 24th July and Parit Sulong MP Datuk Dr. Noraini Ahmad on 25th July on the economic development of the Bumiputera.
According to Mohamed Azmin, 40 MPs have spoken in Dewan Rakyat on the royal address relating to economic issues.
“As a minister in a newly formed ministry, he is committed to formulate new policies that cover short and long terms based on domestic, regional and global economic development and changes.
Mohamed Azmin also mentioned that PH Government is evaluating and working on an initiative framework for the new “road map.”
He emphasized that the policy on equity will be a balanced one and no community will be left out from the mainstream programmes.
“We are now having several engagements with stakeholders and getting feedbacks from various groups of people to draft a more holistic economic development policy and how the Bumiputera could face the future economic challenges,” he said.
The Minister said that a congress on “The Future of Bumiputera and the Nation” will be held shortly to address Bumiputera issues and it will be participated by specialists in various sectors. –Malaysia World News.