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billyboy
post Jun 5 2025, 08:07 PM

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PUTRAJAYA (Aug 19): The Malaysian government has set ambitious targets under the newly launched Bumiputera Economic Transformation Plan 2035 (PuTERA35), aiming to significantly increase Bumiputera participation in high-skilled jobs and equity ownership over the next decade.

PuTERA35, launched by Prime Minister Datuk Seri Anwar Ibrahim on Monday, outlines the government’s goal is to have 70% of the country’s high-skilled jobs be occupied by the Bumiputera, up from 61% in 2022.

The plan also seeks to raise Bumiputera equity ownership, both by individuals and through Bumiputera-mandated agencies, from 18.4% in 2020 to 30% by 2035.

On top of that, PuTERA35 aims to lift the contribution of Bumiputera companies to the country's gross domestic product (GDP) to 15% in 2035, from 9.1% in 2022.

 

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