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KUALA LUMPUR – A total of RM108 billion was generated through all the initiatives under the two Bumiputera Economic Empowerment Agendas until March this year.

The two agendas were the Bumiputera Economic Transformation Roadmap, which was launched in 2011 and the Bumiputera Economic Empowerment in 2013.

Prime Minister Datuk Seri Najib Tun Razak said of the amount, RM80 billion was from business opportunities provided for Bumiputera, especially RM54 billion through the ‘Carve Out and Compete’ policy.

“The best example of Carve Out and Compete, which I want to share (with you), was the success of the first phase of the mega InfraRakyat project, that is along the 51km MRT Sungai Buloh-Kajang.

“For the MRT Phase 1 project alone, of the value of the RM21.2 billion project development package, as much as 51 per cent have been awarded to Bumiputera contractors,” he said when launching the Bumiputera Wellbeing Transformation here today.

He said the Carve Out and Compete policy provided space and opportunities to Bumiputera companies to get contracts and participate in mega projects offered by the government, government-linked companies and the private sector on merits among themselves.

Besides the policy, he said there were many other initiatives introduced under the two agendas such as high-performing Bumiputera companies (Teras), the Facilitation Fund and Yayasan Peneraju Pendidikan Bumiputera.

He said under the Teras programme, 1,014 companies had been given support in the form of capacity building and financing.

“Let me inform you that until March 2017, a total of 306 Teras companies had received funding approvals for the purchase of assets and working capital valued at RM1.3 billion,” he said.

He said through the Facilitation Fund, an incentive to encourage Bumiputera private investment, the prime minister said 469 projects were approved for financing.

Najib said the Bumiputera Economic Empowerment Agenda launched in 2013 brought forth the Bumiputera Economic Council, the Bumiputera Economic Startups Scheme (SUPERB) and the Bumiputera Economic Empowerment Unit.

He said SUPERB, which was allocated an initial capital of RM100 million had helped 125 young people to crystalise their business ideas with total grants worth RM65.5 million provided.

He said these achievements should not stop there, but through the findings of the Bumiputera Economic Transformation Roadmap 2.0 Syndicate Lab, several improvements were recommended and they would be taken into consideration.

Hence, he said the Bumiputera Wellbeing Transformation or TKB resolved to inspire the community and its entrepreneurs to be more enterprising, competitive, creative and innovative and ready to compete globally.

— BERNAMA

SIBU – The first Bumiputera to hold the post of deputy chairman of Sibu Municipal Council (SMC) since it was estabished 35 years ago, will be installed next week.

Assistant Minister in the Chief Minister’s Office (Science and Biotechnology Research) Dr Annuar Rapaee said the state government had issued the appointment offer letter for the post to Rogayah Jamain, 53, recently.

“I am very grateful to the Chief Minister (Tan Sri Adenan Satem) for giving the opportunity to the Bumiputera, an appreciation of the Sibu Bumiputera community for their loyalty to the government all this while,” he told reporters at the Sibu division Malay/Melanau community chiefs gathering here last night.

Dr Annuar, who also also Nangka assemblyman, said he was confident with Rogayah’s ability to perform her duties as SMC deputy chairman as she had helmed a bank in this town.

Hence he said the selection to any political appointment post in SMC, including deputy chairman, was not necessarily from among the ruling political party members.

PBB, which would have seven party members to be sworn in as SMC councillors next week, could recommend to the government anyone that it considered as eligible and capable of performing their duties and there were no regulations stating that only party members could be appointed, he said.- BERNAMA

KUALA LUMPUR: Ekuiti Nasional Bhd or EKUINAS has so far invested RM2.5 billion in potential growth-stage companies to increase Bumiputera corporate equity ownership.

EKUINAS, which was set up in 2010 to promote sustainable Bumiputera economic participation, invested in the oil and gas, services and health care sectors, among others, according to the Economic Report 2015/2016.

To strengthen Bumiputera participation in the entrepreneurship ecosystem, Unit Peneraju Agenda Bumiputera or TERAJU was introduced which draws up programmes that encourage innovative and creative business ideas from startup companies.

The programmes include the Bumiputera Entreprenurs’ Startup Scheme (SUPERB) competition with grants of up to RM500,000 for the winners.

Since 2013, SUPERB has awarded RM30 million to 60 winners who have operated for less than three years.

TERAJU, through the Malaysian Design Development Centre, has spent RM10 million since June 2015 on a pre-export programme for high-performing Bumiputera companies to help them penetrate the international market.

As of June 2015, RM9.1 million has been spent to help Small and Medium Enterprises expand their businesses and be globally competitive.

To develop Bumiputera human capital, emphasis continues to be given to providing education loans for further studies in both local and overseas institutions, with RM1.9 billion spent as of August 2015.

Apart from that, RM28.4 million has been spent up to August 2015 for the Skim Prihatin Pendidikan 1Malaysia, benefiting 4,522 students pursuing undergraduate or masters degrees.

To increase the number of certified Bumiputera accountants from 8 per cent in 2014 to 25 per cent by 2020, the Centre of Professional Accountancy was launched with the cooperation of the Malaysian Institute of Accountants which saw the enrollment of 330 students in various professional accounting programmes.

— BERNAMA

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today announced that the Yayasan Peneraju Pendidikan Bumiputera will allocate RM72 million for the development of about 5,000 Bumiputeras next year.

He said 500 of them would receive scholarships through the ‘Peneraju Tunas’ scheme; 3,500 through the ‘Peneraju Skil’ scheme and between 800 and 1,000 through the ‘Peneraju Profesional’ scheme that would include 500 pursuing accounting programmes.

The accounting programmes would encompass basic certification programmes such as CAT, CFAB, CAB-CIMA and professional certification programmes such as ACCA, CIMA, CPA Australia, ICAEW and MICPA-ICAA, he told a news conference after chairing a meeting of the Yayasan Peneraju board of trustees here.

Najib also said that the foundation would look into the second wave of scholarships to be given out between 2015 and 2017.

“Applications have been made for allocations. We will announce the subsequent programmes,” he said.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah also attended the meeting as members of the board. Also present was foundation chief executive Raja Azura Raja Mahayuddin.

Yayasan Peneraju began operations in February 2012 with the objective of fulfilling the government aspiration to ensure that Bumiputeras can be competitive and contribute to national economic growth to enable Malaysia achieve developed nation status by 2020.

It is a trust fund established to ensure that the capability and expertise of Bumiputeras continue to be developed to enable them to be competitive on a global scale.

Yayasan Peneraju is a component of the Bumiputera Economic Transformation Roadmap under the Economic Planning Unit of the Prime Minister’s Department.

Najib, who is the finance minister, said more than 4,000 people had received the first wave of scholarships, up to this year, under the Peneraju Tunas, Peneraju Skil and Peneraju Profesional schemes since the foundation started operations. –Bernama