PUTRAJAYA - Malaysia's Deputy Prime Minister Zahid Hamidi on Feb 29 launched a new pro-bumiputera economic policy that he said would benefit all Malaysians, and not just the majority community which comprises mainly Malays and indigenous groups.
The new Bumiputera Economic Transformation (TEB) initiative was announced at a controversial three-day congress being held to discuss ways to boost Malay participation in the economy, and comes amid waning Malay support for Prime Minister Anwar Ibrahim's unity government.
Bumiputera, or "sons of the soil", make up about 70 per cent of Malaysia's 34 million population.
Among the TEB's goals are socioeconomic justice, prosperity for the country, and well-being for the people.
"These three main goals are to ensure that policies and implementation of the country's economic agenda not only ensure the involvement and rights of the bumiputera, but at the same time, ensure that there is synergy with the non-bumiputera," Datuk Seri Zahid said in his keynote address.
"Like it or not, willing or not, synergy between the races is extremely important in stimulating economic activity," he said. While the new agenda is pro-bumiputera, Mr Zahid gave the assurance that the rights of non-bumiputera would be protected.
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