MalayMail-Nov 18

The government has proposed quotas for Bumiputera-owned businesses in strategic locations such as shopping malls as part of efforts to increase the community’s participation in the economy, said Prime Minister Datuk Seri Ismail Sabri Yaakob. Ismail Sabri, who is also the chairman of the Bumiputera Prosperity Council (MKB), said the quotas would be managed transparently and fairly so that its ultimate goal can be achieved, in line with the aspirations of Keluarga Malaysia. He added that the council agreed on this during a meeting yesterday to finalise the Bumiputera Development Action 2030 (TPB2030), which was attended by Minister in the Prime Minister’s Department (Special Functions) Datuk Latiff Ahmad as well as other Cabinet members and local entrepreneurs. He said that the presence of Bumiputera businesses in prestigious malls and tourist hotspots was still low due to the high rental rates even though some of these establishments are owned by GLCs.

“To address this issue, the government intends to review the management of shopping centres owned by GLCs to be managed by local companies in order to ensure that local traders, especially Bumiputera’s, can conduct their business there,” he said. Read more at: https://www.malaymail.com/news/malaysia/2021/11/18/pm-announces-plans-for-bumi-quotas-in-malls-and-strategic-locations-says-in/2021902