Equity safety net won’t affect non-Bumi rights, says PM

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KUALA LUMPUR: An equity safety net framework in the 12th Malaysia Plan (12MP) will not deprive other races of their rights, said Prime Minister Ismail Sabri Yaakob.


He said private companies were not subject to this proposal but to existing rules and regulations of the relevant sectors.

“The proposal will ensure that the sale of shares or companies by Bumiputera-mandated agencies will only be offered to qualified Bumiputera consortiums, companies or individuals, and that Bumiputera equity ownership is not eroded,” he said when tabling the 12MP at Dewan Negara today.

He said among the Bumiputera-mandated agencies involved were Permodalan Nasional Berhad (PNB) which contributed the largest percentage to Bumiputera equity ownership, as well as Majlis Amanah Rakyat (Mara) and Ekuiti Nasional Berhad (Ekuinas).


Ismail gave the assurance that the government will continue empowering the Bumiputera community, while also paying attention to low-income Malaysian families, and underprivileged and vulnerable groups regardless of race.

“The government’s intention is to achieve fairer, equitable and inclusive socio-economic development in line with the spirit of Keluarga Malaysia,” he said.-BERNAMA

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