Bumiputera encouraged to take advantage of entrepreneurship programmes
KUCHING : Bumiputeras should be more proactive in seizing all opportunities provided by the government in terms of technical skills training, financial assistance, promotion, marketing and so on to reduce existing financial disparities and imbalances in equities ownership in Sarawak.
According to Assistant Minister in the Chief Minister’s Office (Bumiputera Entrepreneur Development) Datuk Naroden Majais, 70% (or 1.96 million) of Sarawak’s 2.8 million people are Bumiputeras, and only 5% (100,000 people) of them are involved in micro-credit programmes (MCP) and small-scale enterprise and only 45,000 people (or 2.3%) are active in small and medium enterprises (SMEs).
“Bumiputeras are the largest race and contributor of workers and the largest market in the economic development of the state, but at the same time, the economy of the state and the Bumiputera race are still far behind and dominated by non-Bumiputeras,” he added.
He said this when officiating the Seminar on Bumiputeras Opportunities in Ministry of International Trade and Industry (MITI) Special Share Allocation and Investment Analysis in Private Limited Companies on Dec 12.
The seminar aims to provide information on investment opportunities and shares under the provisions of MITI and its agencies.
In addition, it was also held to present the government’s intention to invite more people of Sarawak, especially Bumiputeras, to participate in investment programmes organised by the government.
The government hopes to have more programmes such as this to open up business opportunities for indigenous people from micro-businesses and that it will have the domino effect of enabling other businesses up the financial scale to progress even further in future.
The programme was attended by a total of 300 participants and it was organised by MITI and its agencies under SME Corporation Malaysia (SME Corp), Malaysia External Trade Development Corporation (MATRADE), Malaysian Investment Development Authority (MIDA), SME Bank, Malaysia Productivity Corporation (MPC), Halal Industry Development Corporation (HDC) and Malaysian Industrial Development Finance Berhad (MIDF).