Target to create 600k new jobs calls for new approach harakahdaily.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from harakahdaily.net Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (April 12): Nearly 64 years after attaining independence, Malaysia’s bumiputera agenda has yet to bear the desired results.
This is because poverty continues to haunt the biggest component of the nation’s population while bumiputera corporate equity ownership is still far below the government’s 30% target.
According to media reports, the incidence of poverty among the bumiputera stood at 7.2 percent as of 2019, compared with 1.4% (Chinese) and 4.8% (Indians).
As for bumiputera equity ownership, it stood at 16.2% in 2020 compared with 23% in 2011 and 19.3% in 1990.
Addressing the widening economic disparity may be a huge challenge for the government as Malaysia readies itself to face the post-COVID-19 era because the pandemic has had detrimental effects on bumiputera economy and incomes.
‘New model needed to rev up Bumiputera economy’ 12 Apr 2021 / 08:42 H. Sunpix
KUALA LUMPUR: Nearly 64 years after attaining independence, Malaysia’s bumiputera agenda has yet to bear the desired results.
This is because poverty continues to haunt the biggest component of the nation’s population while bumiputera corporate equity ownership is still far below the government’s 30 percent target.
According to media reports, the incidence of poverty among the bumiputera stood at 7.2 percent as of 2019, compared with 1.4 percent (Chinese) and 4.8 percent (Indians).
As for bumiputera equity ownership, it stood at 16.2 percent in 2020 compared with 23 percent in 2011 and 19.3 percent in 1990.
Addressing the widening economic disparity may be a huge challenge for the government as Malaysia readies itself to face the post-Covid-19 era because the pandemic has had detrimental effects on bumiputera economy and incomes.
KUALA LUMPUR (Feb 15): The government’s announcement that it is taking steps to remove all conditions for withdrawals under the Employees Provident Fund’s (EPF) i-Sinar facility is timely, given that those who have been affected by the Covid-19 crisis are in urgent need of the funds.
Universiti Putra Malaysia Faculty of Economics and Management associate professor Dr Anuar Shah Bali Mahomed said this is important, in light of the fact that the unemployment rate had increased in the fourth quarter of 2020.
However, he noted there would be a short-term impact on EPF’s investments due to the soon-to-be-implemented unconditional withdrawal.