Thursday, April 08, 2010

Selangor Malay chamber wants higher Bumi equity under NEM

The Selangor Malay Chamber of Commerce Malaysia (DPMMS) feels that the economic equity of the Bumiputeras, particularly the Malays, should be raised to 50 per cent under the New Economic Model announced by Prime Minister Datuk Seri Najib Razak recently.

DPMMS chief Tan Sri Rozali Ismail said based on the first tabling of the NEM, a thorough study was needed in the efforts to ensure that the economic equity of the Bumiputeras is increased.

“If under the New Economic Policy, we had aimed for a 30 per cent equity for Bumiputeras, the NEM should be capable of pushing the Malays’ economy up to 50 per cent,” he told reporters after opening the DPMMS general assembly here today.

He said in order to achieve this, efforts to educate the people must be undertaken especially on the assistance and co-operation available from banks and ministries for entrepreneurs capable of expanding their businesses and starting new ones.

Towards this, Rozali said 21 bodies under the Federation of Selangor Malay Entrepreneur Associations (GAPUMS) will be holding a meet next month to discuss responses to the NEM.

The input, suggestions and feedback from the discussions will be forwarded to the Malay Chamber of Commerce Malaysia for presentation to the prime minister in the efforts to strengthen the country’s and Bumiputeras’ economy, he said.

On plans under the NEM where the government and the Employees Provident Fund (EPF) will be building a new hub in Sungai Buloh for the Klang Valley, Rozali said DPMMS hoped the government would consider giving entrepreneurs under DPMMS the chance to participate in the project.

“We hope the government will consider giving DPMMS the chance to participate in the project, taking into view that the hub is to be developed in Selangor,” he said.

He said a development proposal will be sent in by DPMMS to EPF, the owner of the 1,200-hectare piece of land in the area, so that it can evaluate DPMMS’ capabilities.

A committee will be formed to discuss this plan, he said.

To date, the 2,774 registered members of DPMMS are involved in information communication technology, science and biotechnology, services and utilities, agro-based industries and plantations, manufacturing and production, construction, real estate as well as wholesale and retail. — Bernama

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