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Target to create 600k new jobs calls for new approach

Target to create 600k new jobs calls for new approach
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'New model needed top rev up bumiputera economy', says academic

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. ....

Kuala Lumpur , Tabung Haji , Muhyiddin Yassin , Anuar Shah Bali Mahomed , Idris Ahmad , Anuar Shah Bali , Permodalan Nasional Bhd , Amanah Saham Bumiputera , Universiti Putra Malaysia School Of Business , Bumiputera Prosperity Council , Universiti Putra Malaysia School , Associate Prof Dr Anuar Shah Bali , Prime Minister Tan Sri Muhyiddin Yassin , Shared Prosperity Vision , Shah Bali , Malaysia Digital Economy Blueprint , Anuar Shah , Zurich Insurance , Lembaga Tabung , குவாலா லம்பூர் , பகிரப்பட்டது ப்ராஸ்பெரிடீ பார்வை , மலேசியா டிஜிட்டல் பொருளாதாரம் வரைபடம் , ஸுரி காப்பீடு ,

'New model needed to rev up Bumiputera economy'

‘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 , Tabung Haji , Muhyiddin Yassin , Anuar Shah Bali Mahomed , Idris Ahmad , Anuar Shah Bali , Permodalan Nasional Bhd , Amanah Saham Bumiputera , Universiti Putra Malaysia School Of Business , Bumiputera Prosperity Council , Universiti Putra Malaysia School , Associate Prof Dr Anuar Shah Bali , Prime Minister Tan Sri Muhyiddin Yassin , Shared Prosperity Vision , Shah Bali , Malaysia Digital Economy Blueprint , Anuar Shah , Zurich Insurance , Lembaga Tabung , குவாலா லம்பூர் , பகிரப்பட்டது ப்ராஸ்பெரிடீ பார்வை , மலேசியா டிஜிட்டல் பொருளாதாரம் வரைபடம் , ஸுரி காப்பீடு ,

Unconditional i-Sinar withdrawal timely, says academician

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. ....

Kuala Lumpur , Anuar Shah Bali Mahomed , Anuar Shah , Jufitri Joha , Malaysian Youth Council , Provident Fund , Debt Management Agency , Employees Provident Fund , Putra Malaysia Faculty , குவாலா லம்பூர் , மலேசியன் இளைஞர்கள் சபை , வருங்கால நிதி , ஊழியர்கள் வருங்கால நிதி , புத்திர மலேசியா ஆசிரிய ,