MalayMail-Aug 20
On August 19, the Anwar administration introduced a new development agenda aimed at addressing the economic disparity between the Bumiputera community — which includes the indigenous Orang Asli in Peninsular Malaysia and the natives of Sabah and Sarawak — and the non-Bumiputera. In his speech at the launch, Economy Minister Rafizi Ramli named the initiative the Bumiputera Economic Transformation Plan 2035, or PuTERA35 for short. PuTERA35 aims to improve Bumiputera outcomes by raising the standards for all Malaysians. It’s an ambitious 11-year initiative designed to elevate the economic standing of the Bumiputera by increasing their participation, ownership, and control in the national economy. This plan aligns with Prime Minister Datuk Seri Anwar Ibrahim’s broader national goals like the Madani Economy and the 2030 Sustainable Development Agenda. This agenda emphasizes genuine cooperation across ethnic lines, with a promise that the non-Bumiputera community will not be deprived of their rights. Its inclusive design also seeks to ensure that all ethnic groups will benefit from the enhanced nation’s economic growth. By eradicating poverty and enhancing social justice, particularly in regions that have historically lagged behind, the government can then focus its efforts on increasing Bumiputera home-ownership, boosting the community’s contribution to the GDP, and raising the income ratio to match that of other ethnic groups. The Bumiputera community, including Malays and indigenous groups in Malaysia, has long been a focal point of government policies aimed at reducing economic disparities. The PuTERA35 plan was developed in alignment with the Madani Economy and the 12th Malaysia Plan and crafted with input from various sectors, including the private sector, GLCs, industry players, civil society, and community leaders. Read more at: https://www.malaymail.com/news/malaysia/2024/08/20/all-you-need-to-know-about-putera35-the-anwar-govts-plan-to-uplift-bumiputera-and-close-the-economic-gap-by-2035/147525
