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Budget 2020: RM8b for Bumi development, up by RM400m
savemalaysia
Publish date: Fri, 11 Oct 2019, 06:48 PM
KUALA LUMPUR, Oct 11 — Putrajaya has increased the allocation to develop the Bumiputera community to RM8 billion from RM7.6 billion this year under Budget 2020.
A large bulk of it will go to key Bumiputera educational institutions such as MARA, its university UiTM and the Peneraju Foundation, the agency tasked to assist Bumi entrepreneurs.
For this, RM6.6 billion will be allocated.
RM1 billion will be channelled into Bumiputera small and medium enterprises associations through the SME Bank.
Meanwhile RM445 million will be spent for Bumi entrepreneurship development under the Tekun programme, SMECorp, PHB and Teraju.
Finance Minister Lim Guan Eng also announced a 30 per cent fixed quota for Bumiputera contractors for government procurements.
The minister said Bumi contractors have received government projects worth RM3.6 billion as of August this year.
Earlier today Malay Mail reported that Bumiputera agenda will stay as a key feature in Pakatan Harapan’s growth plans, amid allegations that the coalition is neglecting the community.
https://www.malaymail.com/news/malaysia/2019/10/11/budget-2020-rm8b-for-bumi-development-up-by-rm400m/1799436
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Be the first to like this. Showing 9 of 9 comments
NOTHING IS TRULY IN FAVOUR OF THE CHINESE. AT LEAST THE INDIAN LEADERS FOUGHT AND GET EXTRA RM100 MIL. DO THE DAP FOUGHT FOR THE CHINESE?
2019-10-11 19:05
Your jaks sudah naik mah....better than any subsidy & allocation loh..!!
Posted by Musang King > Oct 11, 2019 7:05 PM | Report Abuse
NOTHING IS TRULY IN FAVOUR OF THE CHINESE. AT LEAST THE INDIAN LEADERS FOUGHT AND GET EXTRA RM100 MIL. DO THE DAP FOUGHT FOR THE CHINESE?
2019-10-11 19:26
Chinese SME got 100M, Indian got 20M Malay got 50M apa punya cilaka... Cina sudah kaya boleh main st9vk market apa lagi mau bantu
2019-10-11 19:32
Don know whether your info correct or not loh ??
But even if i ist correct....the chinese SME got Rm 100m bantuan but it can create rm 2.0 billion economic benefit why not leh ??
The Malay SME got Rm 50m bantuan, create Rm 80m economic benefit and as usual again, there are high chance they may ask for more govt assistance later another Rm 70m govt bantuan loh...!!
The indian is happy with the Rm 20m & will able to create economic benefit of Rm 120m loh....!!
The chinese & indian SME don dare & shy to ask for more bantuan bcos they knew they are 2nd class citizen loh...!!
Posted by ABSBOSS > Oct 11, 2019 7:32 PM | Report Abuse
Chinese SME got 100M, Indian got 20M Malay got 50M apa punya cilaka... Cina sudah kaya boleh main st9vk market apa lagi mau bantu
2019-10-11 19:44
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i thought this is malaysia baru? how come still race race race?????
2019-10-11 18:50