Bumiputera equity ownership rose to 23.09pc in 2010
PUTRAJAYA: Bumiputera
corporate equity ownership has increased from 21 per cent worth RM127.08
billion in 2008 to 23.09 per cent worth RM167.7 billion in 2010.
This is based on the total
equity amounted to RM726.4 billion in 2010 compared with RM581.8 billion in
2008, Prime Minister Datuk Seri Najib Razak announced today.
This figure includes
ownership by Bumiputera individuals, institutions with Bumiputera interests
(institutions established to mobilise Bumiputera savings) such as Tabung Haji
and Lembaga Tabung Angkatan Tentera and trusts agencies (agencies specifically
set up and mandated by the government to increase Bumiputera involvement in the
economy) such as Permodalan Nasional Berhad (PNB), Permodalan Usahawan Nasional
Berhad (PUNB), MARA and state economic development corporations.
A statement released by
the Economic Planning Unit of the Prime Minister’s Department showed that
insurance and takakul showed the highest increase from 37.56 per cent (RM53.35
billion) in 2009 to 38.97 per cent (RM65.37 billion) in 2010.
“The increase in
Bumiputera corporate equity ownership is the result of the the government’s
efforts and commitment in continuing the Bumiputera development agenda.
“The Government had taken
steps to strengthen the existing role of Bumiputera institutions such as Mara,
Permodalan Nasional Bhd (PNB), Tabung Haji, UDA and Yayasan Amanah Hartanah
Bumiputera to increase the Bumiputera equity ownership in the economy,” it
said.
The government also
further expanded the definition of the corporate sector equity ownership to
include properties and assets and intellectual property.
For this purpose, the
government had strengthened the role of other agencies such as Ekuiti Nasional
Bhd (Ekuinas) and Perbadanan Hartanah Bhd.
Najib had earlier
chaired the Bumiputera Agenda Action Council meeting.
In a separate statement
issued by Unit Peneraju Agenda Bumiputera (Teraju), it said that Najib
announced a tax exemption for any cash or contribution in kind to the Yayasan
Peneraju Pendidikan Bumiputera (YPPB).
“With this tax relief, the
Prime Minister hoped that more parties will come forward to contribute to
ensure the Bumiputera economic transformation agenda, especially in education,
will achieve its goals.
YPPB is now actively
seeking to mobilise private funds to increase the number of Bumiputera in
higher education. Various activities and programmes are being planned for
implementation in the near future.
YPPB had introduced its
debut signature programme, which focuses on potential and able SPM and STPM
students who obtained good and excellent results but come from low-income
families and challenging environment.
The programme has received
nearly 8,000 applications. For the first phase, a total of 225 students will be
offered scholarships to pursue their studies in the foundation, A-Level,
International Baccalaureate and diploma / university degree.
Teraju also said that
under the TeraS programme, a total of 130 Bumiputera companies have been
identified for collaboration.
Two companies under the
programme, Ahmad Zaki Resources Berhad (AZRB) and MITC Deluxe Hotels (M)
Sdn Bhd will collaborate to become corporate champions to provide more business
opportunities for smaller companies.
As a construction and
civil engineering company, AZRB will work together with Teraju to introduce a
supply chain for the construction industry. AZRB will offer a two-year supply
contract worth RM500 million to Bumiputera companies.
Another company under
the TeraS programme, MITC Deluxe Hotel will be working with Teraju to increase
the capacity of Bumiputera companies in high-impact sectors such as
tourism.
MITC will invest RM100
million over three years to realise a three year business development
plan, which it hopes will provide an opportunity for other Bumiputera companies
in ancillary businesses such as 'halal food', logistics, provision of cultural
performances.
Source : New Straits Times
Date : 23 April 2012
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