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🇲🇾 Malaysia /Economy & Trade

Government Studies Measures to Double Bumiputera Economic Contribution

From Utusan Malaysia · () Malay

Translated from Malay and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Malaysia’s PuTERA35 plan will examine measures to increase the contribution of Bumiputera micro, small and medium enterprises.
  • The plan sets a target for Bumiputera companies to contribute 15% of Malaysia’s gross domestic product by 2035.

Malaysia is examining possible interventions to increase the contribution of Bumiputera micro, small and medium enterprises to the national economy by as much as twofold by 2035.

The review will take place under the Bumiputera Economic Transformation Plan 2035, known as PuTERA35. The plan sets a benchmark of a 15% contribution to Malaysia’s gross domestic product by Bumiputera companies by 2035, as part of efforts to strengthen their economic role.

About this summary

Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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