PUTRAJAYA: Rent seekers caused the failure to achieve the 30% bumiputra equity in the country's economy, said Prime Minister Datuk Seri Najib Tun Razak.
Addressing an economic forum of Malay/Bumiputra leaders, Najib said when the rent seekers failed in their businesses, it derailed the target.
However, there have been some improvement as the bumiputra equity had increased to 23% in 2010 from 21.9% in 2008, he said.
"This is the result of the government's market-friendly policies and the move to offer business opportunities to bumiputras based on merit," he said. - Star
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