PuTERA35 Ensures Fair Bumiputera Economic Empowerment - PM Anwar
KUALA LUMPUR, May 3 (Bernama) -- The Bumiputera Economic Transformation Plan 2035 (PuTERA35) is a national policy that ensures fairness in strengthening Bumiputera economic participation, enabling the group to compete on a level playing field in the national economy, said Prime Minister Datuk Seri Anwar Ibrahim.
He described PuTERA35 as a comprehensive government commitment to implement the Bumiputera empowerment agenda effectively at all levels.
“The Bumiputera agenda is an important national agenda that must be upheld without compromise. To me, PuTERA35 ensures fairness,” he said in his keynote address at MARA’s 60th anniversary celebration today.
Launched on Aug 19, 2024, PuTERA35 encompasses three core areas, 12 growth drivers, and 132 comprehensive initiatives to empower and advance Bumiputera development, in line with the MADANI economy.
The Prime Minister said the government is always open to feedback and criticism, particularly in identifying policy gaps such as those in the housing sector that require immediate attention.
He emphasised that the Bumiputera agenda must remain a national priority to ensure more balanced and inclusive prosperity for all Malaysians, noting that economic discussions often overlook lower-income groups, including Bumiputera and Orang Asli communities that continue to lag behind.
As for the implementation of PuTERA35, Anwar said government-linked investment institutions — including Khazanah Nasional Bhd, the Employees Provident Fund, Permodalan Nasional Bhd, Retirement Fund Inc, the Armed Forces Fund Board, and Tabung Haji — have been mandated to drive Bumiputera empowerment, including through talent development and entrepreneurship initiatives.
“A total of RM30 billion has been allocated for this year, with RM11 billion already disbursed last year, covering strategic sectors such as semiconductors, energy transition and green technology,” he said.
Anwar also reminded leaders to make use of their time in power to deliver change, rather than criticising after leaving office.
-- BERNAMA