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 11 1 Collage 11 1
News33 mins ago

Calling All Stalkers Out There, Politician Confirms Repeated Online Stalking Is A Crime

Most of us may be “guilty” of online stalking, be it watching our crush or anyone we’re keen to know...

Collage Shark Collage Shark
News1 hour ago

WATCH: Whale Shark Caught In Fishing Net In Sarawak Released by Researchers

Whale sharks (Rhincodon typus) are the largest type of shark, and indeed the largest of any fishes alive today.  They...

Unnamed 1 Unnamed 1
News2 hours ago

JUST IN: Founding Chairman Of DAP Dr. Chen Man Han Has Passed Away At Age 97

Just recently according to See Hua News, it was reported that the founding chairman of DAP, Dr. Chen Man Han,...

Collage 9 1 Collage 9 1
News3 hours ago

“I’m disappointed” – Court Rejects Najib’s Application To Produce New Evidence For SRC Case

Datuk Seri Najib’ Razak’s case involving SRC International Sdn Bhd continues but this time, the odds may not be in...

Ft Ismail Ft Ismail
News21 hours ago

“I want us to think of this gov’t as a family” – PM Tells Public Servants To Defend Gov’t Against Fake News

Following the spread of accusations and fake news over the past few months, Prime Minister Datuk Seri Ismail Sabri Yaakob...

Collage Abuse Collage Abuse
News24 hours ago

M’sian Mother Reports Her Son’s Abuse After Seeing Heartbreaking Video Of Nanny Hitting Him

One of the many difficult things about being a working parent is figuring out how to take care of the...

My Post 1 61 My Post 1 61
News24 hours ago

12yo Kelantan Girl Dies From Allegedly Being Struck By Lightning While Using Her Phone

A 12-year-old girl is believed to have died after being struck by lightning while using her smartphone in her home...

My Post 1 60 My Post 1 60
News1 day ago

Kuantan Student’s Hair & Uniforms Cut Up While She Slept, PDRM Investigates Alleged Bullying Case

Another case of bullying has been going viral on Facebook, this time in Kuantan, Pahang. Based on a report by...

Announcement

Latest Videos



TRENDING TODAY