Ahmad Maslan: Only 12pct of Bumi ​firms are macro businesses

 |Mar 14, 2018

KUALA LUMPUR: Only 12 per cent of Bumiputera enterprises are macro businesses despite the government’s push to raise the status of Bumiputera entrepreneurs, including through the establishment of the Bumiputera Commercial and Industrial Community (BCIC), Putrajaya revealed.

This amounts to 354,699 enterprises.

Deputy International Trade and Industry Minister Datuk Ahmad Maslan said 88 per cent of Bumiputera enterprises were micro businesses, that is, those with no more than five employees and earning less than RM300,000 per year.

He said while Bumiputeras constituted 68 per cent of Malaysia’s population, the community only owned 39.1 per cent of small and medium enterprises (SMEs), from a total of 907,065 business enterprises nationwide.

“Therefore, there is much that needs to be done in the development of BCIC. All ministries have a division in charge of Bumiputera entrepreneurship development, headed by their respective deputy secretary-general.

“I hope that the divisions will be more proactive instead of informing the entrepreneurs of the availability of funds only when the entrepreneurs come to the ministry,” he told the Dewan Rakyat today.

He was responding to a question from Ahmad Hamzah (BN-Jasin), who asked about BCIC’s progress over the past eight years.

Ahmad Maslan said as of January this year, the accumulated overall value of the Bumiputera economy, including the various funding and human capital programmes, stood at RM124.6 billion.

He said based on the 2005-2017 census, the number of Bumiputera SMEs had increased from 35 per cent to 39.1 per cent.

BCIC was established in 2006 in line with the aim of Vision 2020 to create a resilient and competitive Bumiputera community. – Bernama