Bumiputera development action framework to be announced by PM by year end, Dewan Rakyat told

It will be a continuation of the previous policy to improve the economy and socio-economic status of the bumiputera, the Dewan Rakyat heard on Monday (Oct 25). (Photo by Zahid Izzani Mohd Said/The Edge)

It will be a continuation of the previous policy to improve the economy and socio-economic status of the bumiputera, the Dewan Rakyat heard on Monday (Oct 25). (Photo by Zahid Izzani Mohd Said/The Edge)

-A +A

KUALA LUMPUR (Oct 25): The bumiputera development action framework that was announced in the 12th Malaysia Plan will launched at year end, said Deputy Minister in the Prime Minister's Department Datuk Mastura Mohd Yazid.

Mastura said the framework, which would detail key initiatives to achieve the goal of improving the economy of the bumiputera over the next 10 years, is scheduled to be launched by Prime Minister Datuk Seri Ismail Sabri Yaakob.

"It will be a continuation of the previous policy to improve the economy and socio-economic status of the bumiputera, especially to face the post-Covid-19 pandemic era," she said during the question-and-answer session in the Dewan Rakyat on Monday (Oct 25).

Mastura was responding to a question by Datuk Che Abdullah Mat Nawi (PAS-Tumpat) who wanted to know the current status of the bumiputera development action framework and the involvement of bumiputera-mandated government agencies, such as the Bumiputera Agenda Steering Unit (TERAJU), in developing the framework.

Mastura said TERAJU, as the secretariat in developing the framework, conducted engagement sessions with 32 ministries, government agencies and industry players from April to July.

“It succeeded in identifying 142 development programmes and initiatives to drive bumiputera socio-economic development with a gross operating surplus amounting to RM201.5 billion by 2030 and the creation of 406,995 jobs.

"Funds amounting to RM106.47 billion from the public and private sectors will be injected into pilot projects and initiatives identified to achieve the final target of KEGA (the Key Economic Growth Area) and the Priority Area," she added.

She said the programme is expected to strengthen, prepare and sustain bumiputera businesses to remain competitive and successful at the domestic, regional and global levels.

It is also meant to increase the participation of bumiputera companies in the export-oriented global value chain of high value-added products, she added.

For more Parliament stories, click here.