◉ HEADLINES

Proposal to mandate 70% of official govt assistance to be Bumiputera products

The initiative is aimed at assisting companies or premises owned by Bumiputera

10:52 PM MYT

 

PUTRAJAYA – The proposal to mandate 70% of purchases of items for official government aid programmes, such as flood relief boxes, food baskets, and Rahmah Sales, to be Bumiputera-owned halal products was among those put forward at the Bumiputera Economic Congress (KEB) 2024.

Mydin Mohamed Holdings Berhad (Mydin) managing director Datuk Dr Ameer Ali Mydin said that the proposal was aimed at assisting companies or premises owned by Bumiputera in the country.

He said that as of December last year, 38.7% or 3,562 out of 9,162 total Halal-certified companies were owned by Bumiputera, but almost all of these businesses operated from behind houses that did not meet halal certification requirements.

“Business owners rely too much on self-funding to sustain their daily business activities. At the same time, we all know that the government, government-linked companies (GLCs) provide a lot of assistance.

“So, we must make it a policy that Bumiputera goods are given as a first choice (for official government assistance programmes),” he said while presenting the resolution.

At the same time, Ameer proposed the implementation of the Halal Business Transformation Programme through activities such as business readiness assessment and guidance, including the establishment of a tier system and green lane to facilitate the Bumiputera in obtaining halal certification.

He also suggested providing special financing, such as crowdfunding or endowment funds, to improve Bumiputera enterprises.

“Additionally, it is recommended to provide premises or industrial facilities that comply with halal certification through strategic partnerships with agencies, local authorities, and financial institutions.

“Special recognition should also be created for enterprises, including integrated promotion among agencies,” he said.

The KEB 2024, which takes place from today until March 2 at the Putrajaya International Convention Centre (PICC), is expected to explore the potential of technology and new economic opportunities to empower the Bumiputera community. – February 29, 2024

Topics

 

◉ Popular

Schools may close if air quality worsens, five areas hit unhealthy levels: DOE

The department said the areas recorded unhealthy API readings, warns of RM1mil fine for open burning offenders

Short-lived La Niña expected in early 2026, but stable weather to follow

MetMalaysia forecasts cool conditions and brief shifts in rainfall patterns before returning to normal

No, Malays could not fly: Scholars call out pseudohistory

UPSI and DBP academics urge discipline in handling history after Prof Solehah’s claims of Malays teaching China ‘flying kung fu’

◉ Related