PM LAUNCHES BUMIPUTRA TRANSFORMATION ROADMAP

BY FLORENCE A. SAMY

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak has launched a Bumiputra Economic Transformation Roadmap aimed at strengthening Bumiputra participation in the economy.
The strategic roadmap, he said, would incorporate a new dimension and approach to tackle the imbalance in income and wealth creation among Bumiputras.

"The main aim is to ensure that Bumiputra participation in the economy is more balanced when Malaysia achieves Vision 2020 especially in high-growth sectors, high-income employment and ownership of big companies," he said at the launch on Saturday.

Present were Deputy Prime Minister Tan Sri Muhyiddin Yassin, Cabinet ministers and corporate leaders.
The roadmap, Najib said, would benefit Malaysians on the whole although it directly involves Bumiputras as the latter represented the majority of the population.

The roadmap has three strategic focus, namely reform of policy instruments and rationalisation of delivery system; strengthening education and building capabilities; and acquiring, creating or developing businesses with sufficient scale.

It would be guided by six principles namely market-friendly, needs-based, merit-based, transparency, pro-growth and building sustainable competitiveness.