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Bumiputera policy and the 12th Malaysia Plan: Discrepancies between the plan and the speech — Lee Hwok Aun | What You Think

OCTOBER 2 Prime Minister Ismail Sabri barely had one month to make his imprint on the 12th Malaysia Plan (12MP), and it shows. The 530-page tome was complete, with room only to insert his Keluarga Malaysia brand into the Preface, Introduction and Conclusion chapters. But he had the chance to.

Kuala lumpurIsmail sabriIsmail sabri yaakobBumiputera msmesDewan rakyatDana kemakmuran bumiputeraInclusive societyPrime minister ismail sabriMalaysia planKeluarga malaysiaMalaysia plansPriority areaEquitable outcomeFocus areaBumiputera agendaTwelfth plans

The eyebrow-raising discrepancies between 12MP and PM s speech

The eyebrow-raising discrepancies between 12MP and PM s speech
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Ismail sabriIsmail sabri yaakobDana kemakmuran bumiputeraInclusive societyMalaysia planKeluarga malaysiaMalaysia plansEquitable outcomeBumiputera agendaFocus area

TLDR: Gov t Wants 30% Of Companies To Be Bumiputera-Only, Malaysians Say It Will Only Benefit Cronies

This Bumi equity requirement was one of the most unpopular parts of the 12th National Plan.

Port dicksonNegeri sembilanIsmail sabriTharma pillaiPembiayaan kontrak ekspresAnwar ibrahimJalil rasheedManaundikami tharmapillaiBumiputera prosperity fund dana kemakmuranBumiputera prosperity divisionPrime minister datuk seri ismail sabriTwelve malaysia planFailed wawasanLook at theGross domestic productBumiputera prosperity fund

ENCOURAGING ENTREPRENEURSHIP

AS small and medium enterprises (SMEs) are the backbone of the nation and are the biggest employers in the country, it is of utmost importance to not only help smaller businesses tide through the Covid-19 storm, but also to foster more entrepreneurs to drive the economy. This rationale is reflected in one of the core focus areas of Budget 2021, which covers the development of business- and entrepreneurship-related initiatives. To encourage entrepreneurship among Malaysians, there are numerous initiatives that build upon the foundation of existing programmes, such as the RM510mil allocated to the National Entrepreneur Group Economic Fund (Tekun) and Perbadanan Usahawan Nasional Bhd (PUNB) to finance Bumiputera entrepreneurs and micro SMEs, which also includes RM20mil for the Indian Community Entrepreneur Development Scheme and RM5mil for the entrepreneurship development of other minority communities.

Perbadanan usahawan nasional bhdKhas prihatinRahnu biznitaTengku zafrulLestari bumiSyarikat jaminan pembiayaan perniagaanDana kemakmuran bumiputeraZafrul abdul azizFranchise developmentBank simpanan nasionalIslamic economic development foundation yaNational entrepreneur group economic fund tekunSecurities commission malaysiaMaritime developmentInvestment missionPublic transport fund