Sat, 14 Sep 2013 20:00:00 GMT | By Lee Shi-Ian; The Malaysian Insider

Race based measures will not affect non-Malays, says Najib

"We are doing what is fair, we are doing what is right and we are doing what is equitable," Najib told an audience at the Chancellor's Hall in Universiti Teknologi Mara in Shah Alam today.


A raft of financial measures introduced to assist the Bumiputera community is not meant to sideline or deny the interests of other ethnic groups, said Prime Minister Datuk Seri Najib Razak.

"We are doing what is fair, we are doing what is right and we are doing what is equitable," Najib told an audience at the Chancellor's Hall in Universiti Teknologi Mara in Shah Alam today.

Najib, flanked by his deputy Tan Sri Muhyiddin Yassin, was accompanied by most of his Cabinet colleagues and several menteris besar.

He reiterated that Putrajaya is not prejudiced against other races in Malaysia.

"Do not misunderstand the Malay economic empowerment.

"This initiative is not at the expense of or taking away the rights of any other people... There is no prejudice against other races," he said.

Najib said Malaysia's economy grew in 2011 and 2012 by 5.1% and 5.6%, respectively.

However, he lamented the fact that the gap in wealth between the Malays and non-Malays was still quite substantial.

In order to bridge this gap, Najib announced the formation of the Bumiputera Economic Empowerment Council, which will replace the Malay Economic Action Council.

He outlined five main strategies to assist the Bumiputera community in generating more wealth and bridge the gap with other races.

Najib said under the first strategy, the government would introduce more programmes to help Bumiputeras broaden their work opportunities to enable them to meet market requirements.

"Additional grants will be provided to Mara to purchase better equipment to help Bumiputeras learn new skills and be relevant. This includes the 1Malaysia Training Scheme and Graduate Employability.

"The Public Service Department and Mara will also cooperate to increase employment opportunities for graduates and to increase the professional workforce, including accountants and doctors," he added.

Under the second strategy, Permodalan Nasional Berhad will launch the Amanah Saham Bumiputera 2 scheme. Najib said 10 billion units would be launched into ASB2 and the fund will allow individuals to widen their investments beyond the RM200,000 maximum permitted under the current Amanah Saham Nasional.

"The government has conducted surveys and discovered that there are large numbers of Malays working in the cities and major towns. Unfortunately, the same does not apply to property ownership."

Najib said the number of Bumiputeras who owned property in urban areas is small, due to a number of factors, including skyrocketing property prices.

"To resolve this, government-linked companies and government-linked investment companies involved in property development will be instructed to increase the number of Bumiputera allocated lots."

For the fourth strategy, Najib announced cash aids of RM300 million for the National Entrepreneurial Group Economic Fund (Tekun) and RM700 million for Amanah Ikhtiar Malaysia (Ikhtiar).

Ikhtiar's partners are expected to increase from the current 350,000 to 500,000 by the year 2015 while Tekun should increase from 270,000 to 370,000 in the same period.

Chief executive officers of all GLCs will be set a target on Bumiputera participation for their company projects and this will be part of their key performance index, Najib said.

National oil and gas company Petronas has several upstream and downstream projects worth about RM20 billion annually, which should be given to Bumiputera firms.

However, Najib stressed that all these projects and goodies would be awarded based on merit.

In order to have a better delivery system, under the fifth strategy, Najib announced that Bumiputera development units would be established in each Ministry.

He also revealed that the government will set an enrollment target of 250,000 students for all Mara institutes, colleges and universities by 2020.

Najib did not elaborate on the source of funds for the initiatives he had outlined.

57Comments
Sep 14, 2013 2:43PM
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The wealth gap between the malays and non malays is not that wide as you claims to be.   The actual scenario is the wealth gap between the ELITE groups of malays and the ORDINARY malays is MILES apart !! The government must solve this issue . If not, it will be the more the government pump in, the wider the gap will be.
Sep 14, 2013 7:10PM
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the really prudent, ****ble move would be to initiate policies and programs that help all poor, irrespective of race. if, as claimed, there are more Malay poor than Chinese, Indian or lain-lain, then they will get the bulk of such help accordingly.
Only such a broad-spectrum, non-race based move would be "doing what is fair, doing what is right and doing what is equitable."
Sep 14, 2013 9:16PM
Sep 14, 2013 10:59PM
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continue to spoon feed and you will lagging ever further...change the mentality and work hard. How can you be happy when taxpayer money from non bumi used for bumi only? How about using zakat instead? The fact is there are poor non bumi too and who are going to help them. Think out of the box. Nothing come for free. Word hard to achieve it.
Sep 14, 2013 11:16PM
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When other non bumi poor needed help. the money go to the rich bumi, is that what you call Fair, right, and equitable. don`t insult the non bumi, As the PM of MALAYSIA. you obligated to help and give aids to the poor who needed help from all races. not only bumi. What you are doing now will cost you later. keep in mind!
Sep 14, 2013 11:07PM
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why the wealth gap keeps increasing after so many decades? R u telling me ur policy only benefits d cronies? 
Sep 14, 2013 11:17PM
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More and more and more, NEP, the Never Ending Policy

 

Sep 15, 2013 1:26AM
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It's ok.
In 100 or even 1,000 years from now, things would still be basically the same in terms of the overall financial well being of the Malays at large if the Government of the day continues to stupidly & short sightedly think & believe that by making it as easy as possible for them & helping them in this manner is going to solve their problems. 
And they think they are being very clever to come out with such ideas.
Sep 15, 2013 4:36AM
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It's called having a WORK ETHIC. The Chinese have it and hence they are wealthy.  Sit on your **** and wait for a handout and you'll NEVER have it..... The shortsightedness and appalling stupidity is mindboggling.

And no, I'm neither Chinese or Malay, just observant.

Sep 15, 2013 5:41AM
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After all attempts to bribe the nation to vote Barisan with an overwhelming majority failed -the price the NONs are now paying in not voting the govt. is clearly put across. This nation sadly thrives on race and UMNO whom I was in my silliness hoping will be bold enough to guide the nation in this direction was sadly my naive thinking. 
Actually in a way the majority of all Malaysians are guilty cos always demands were nothing less then race based.
The BN is now nothing less than a failure, wondering as to why the MCA and MIC is hanging around for - to pick on crumbs?
We are now ruled by an ultra-right and they are NOT done yet, it just the tip.
Sep 14, 2013 10:45PM
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Commendable E****mic Strategy will be beneficial & remain commendable only if executed well.  Previous implementation of the NEP under Mahathir has concentrated the goodies in the hands of the few UMNO-friendly & UMNO-related personalities - the so-called cronies.  This time fair distribution is the key-word to be noted by implementers.
Sep 15, 2013 3:25AM
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I sincerely hope all this wealth's goes to ordinary Malays and not to certain people in UMNO. But for so many many years they have not demonstrate and proven.... If all this years proper management and transparency practice,  the Malay should achieved more then now. There worst thing is that after caught wrong doing and yet they are still holding on to their present position. No action taken. To me this practice really lost credibility.....in rakyat heart!
Sep 15, 2013 1:16AM
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Harap pagar, pagar pulak makan padi.
Sep 15, 2013 2:41AM
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Dear Malaysian,, Do you understand what is ???? GOT SOUND NO PICTURE !!!!!!!!

                                                                                 GOT FORM NO SUBSTANT !!!!!!

                                                                                 CEKAP TAK SELUPA BIKIN !!!!!!!

                                                                                 MASOK AGIN KELUAR ASAP !!!!

Who are these peoples in the Gomen for the pass 56 years of Merdeka ??????????

I got US 44 billions = RM 132 billion ,,, What you Malaysians got ???????????????

Just shout Hidup Hidup,,in the press hall ,, you win,,, Did PAS say Umno make Malays stupid.

Sep 15, 2013 12:34AM
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1M is deal ;  2M 3M are on the way. Magics , transformation endless possibilities for the ignorance
Sep 15, 2013 5:50AM
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Also the same excuse for spending money. We must ask why the house prices are beyong not just bumi but most Malaysians. The basic need is strengthen our competitiveness.
Sep 15, 2013 6:49AM
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The Non-Malay/Muslim E.Malaysians whom are on a free ride on a Bumiputra status, please realize it is on the govt short term measures, the long term has not u in mind. You were once known as prebumis. To The Malaysian Portugees - same applies. The current ultra based party has a wider agenda whi**** not limited to Malaysia. It has a regional and global plan. It carries a high level of prejudice, a wolf in sheep skin. It thrives on blaming others for its own weakness. I would not be surprised the freedom we now enjoy in putting out our views will soon be curtailed. I love my country, sadly its going downhill far quicker then I thought. There is this sinking feeling that tells me, Najib is a Puppet On a String
Sep 15, 2013 5:18AM
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further division of the nation,,,,,,,,,,,,,,,,,,,,,,,,,needs to thank ALL voters,  the electorate put his party in and his brief must be to serve all races impartially!
Sep 15, 2013 7:05AM
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