Gov't to establish Bumiputera Prosperity Council to empower bumiputera economy

The government will establish a Bumiputera Prosperity Council (BPC) which will become the highest platform in efforts to empower the socio-economic development of the bumiputera community.

Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed (above) said the BPC would be chaired by the Prime Minister Muhyiddin Yassin.

Mustapa said this was decided at the Economic Action Council (EAC) meeting that was chaired by the prime minister yesterday.

"The establishment of the BPC is part of the strategic intervention framework to drive and expedite the empowerment of the bumiputera economy through efforts to increase capacity and ability across various programmes.

"This is in line with the Shared Prosperity Vision 2030 (SPV 2030) that upholds three main objectives, namely development for all, addressing the income and wealth disparities, as well as building a united, prosperous and dignified nation,” he said.

Mustapa said the meeting yesterday also agreed to strengthen the role of the Bumiputera Agenda Steering Unit (Teraju) in two main aspects, namely to be a coordinating body at the highest level by establishing an integrated and comprehensive network and relations with stakeholders in various sectors to monitor the implementation of policies and strategies of the bumiputera socio-economic development.

At the same time, Teraju's role will be strengthened to streamline and improve the bumiputera centralised database to collate the latest, complete and quality information for policy planning and strategic intervention.

Teraju, established in 2011 by the Prime Minister's Department, is a strategic unit to spearhead, drive and coordinate the bumiputera development agenda in line with SPV 2030.

- Bernama