fbpx
Connect with us

News

Govt May Implement Bumiputera Quota For Businesses In Malls & Tourist Hotspots

Published

My Post 2021 11 19T160028.486
Source: Berita Harian & 123rf

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

The government intends to review the management of shopping malls owned by government-linked companies (GLCs) to be managed by local companies to ensure that traders, especially Bumiputeras, are prioritised in conducting business there.

Based on a report by Astro Awani, Prime Minister Datuk Seri Ismail Sabri Yaakob shared that this is because Bumiputera traders are less likely to get business space at such premises due to high rental rates, apart from factors such as competition.

“The government has also taken note that Bumiputera ownership of business premises in prestigious malls and tourist hotspots is still low,” he said.

149596053 L

This matter was decided in a Bumiputera Prosperity Council (MKB), chaired by the Prime Minister, to discuss the efforts to empower and strengthen Bumiputera economic and socio-economic development.

He also suggested that a quota for the number of Bumiputera-owned businesses in strategic locations be established in line with efforts to increase competitiveness.

“However, this quota will be managed in a transparent and fair manner so that the main goal of helping eligible and potential Bumiputera businesses is achieved, without being misused to the point of straying from the real objectives, in line with the Malaysian Family aspirations,” he added.

Despite the lack of business opportunities, Ismail Sabri also shared that Bumiputera companies had obtained about 80 per cent of the annual contract value of all government agencies.

What do you think about this? Let us know in the comment section.

 

Also read: PDRM Officer Beats Up Matchmaker In Frustration After She Failed To Find Him A ‘Jodoh’

My Post 2021 11 19T101317.236 2

Source: 123rf

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 16 1 Collage 16 1
News1 hour ago

MCMC Investigates IPTA Student with 100k Followers on ‘X’ For Selling Self-Made Explicit Content for RM150

The Malaysian Communications and Multimedia Commission (MCMC) is looking into a case involving a public university student (IPT) who’s believed...

Collage 67 Collage 67
News2 hours ago

Agong Reminds Fresh Grads Not to Be Picky When Job Hunting or Foreigners Will Fill All Job Positions

Job hunting can be tough but the King has a reminder for all fresh graduates out there. Don’t be picky...

My Post 1 2024 11 14T164042.328 1 My Post 1 2024 11 14T164042.328 1
News2 hours ago

Driver of Overturned Container that Killed a 21yo Woman Casually Shows ‘Peace’ Sign to Reporters

Yesterday, it was reported that a 21-year-old woman had died after a container overturned and crushed her vehicle before crashing...

Collage 14 2 Collage 14 2
News3 hours ago

Car Allegedly Involved in a Hit & Run in Perak Rams Into Motorcyclists Trying to Chase Him Down

Recent CCTV footage that’s been spreading online shows a white sedan ramming into 2 men on a motorcycle in an...

Collage 13 2 Collage 13 2
News6 hours ago

14yo M’sian Student Falls from Pedestrian Walkway Roof After Using Vape Device Found in Desk

In recent news, a male student from a secondary school in Kangar suffered injuries after falling off the roof of...

Collage 63 Collage 63
News8 hours ago

Landslide Occurs at Jalan Tapah – Cameron Highlands, Triggers Rapid Water Flow Downhill

While residents in Klang Valley deal with flash floods, those en route to Cameron Highlands yesterday (November 13) couldn’t proceed...

Feat Image Killing Feat Image Killing
News1 day ago

The Inconsistent Law Allowing Local Councils in M’sia to Kill Stray Dogs by Shooting Them With Firearms

The killing of a stray dog, affectionately known as ‘Kopi’, in Besut, Terengganu, sparked outrage nationwide last month as the...

Collage 12 2 Collage 12 2
News1 day ago

64yo Woman Turns Her Home into a Literal Prison With Iron Bars to Keep Drug-Addicted Son at Home

A 64-year-old woman from Thailand has come up with desperate measures in an attempt to help her 42-year-old son overcome...

Announcement

Latest Videos



TRENDING TODAY