Local
Foreign
Business
Sports
Leisure
BM
Kadazan Dusun
Archives
Latest News
 
Nst-studio
Classifieds
In_sites_link
Football-link
Smbb-logo
Raramit amu’ kounsub kumaa Skim Walai Kumoiso’ku osiriba’ |  Koatulan dokutul tabaa pavasaon pootodon id Sabah, Sarawak om sokid kosudong: Bolkiah |  98,501 PATI INDONESIA NAKAANU NO PASPORT |  Syarat doktor tamat latihan untuk bekhidmat di kawasan pedalaman disifatkan wajar |  Petanah cadang Ketua Kampung diberi kuasa sah permohonan tanah |  Kerajaan tidak pilih kasih agih BR1M, kata Karim |  Rogol: Lelaki warga Filipina dipenjara enam tahun, empat sebatan |  Pengawal keselamatan terperanjat temui bayi perempuan masih bertali pusat |  Pasport 98,501 daripada 98,888 PATI daftar dalam program 5P sudah diproses |  KWSP tidak beri pinjaman pada individu |   |   |   |   |   | 
 Business

RM5 billion fund to help Bumiputera own shares

8th September, 2010

BACHOK: The government has set aside RM5 billion through Ekuiti Nasional Berhad (Ekuinas) established by the Finance Ministry as an initial allocation to help Bumiputeras own selected shares.

Deputy Finance Minister Senator Datuk Dr Awang Adek Hussein said at the same time, the allocation is also aimed at ensuring Bumiputera equity does not fall into the hands of others.

“For example, if there are Bumiputeras wanting to sell their shares because they are retiring from doing business, the government can consider assistance,” he told reporters after a breaking of fast event at Kampung Sungai, Perupuk here Monday night.

He also said apart from this, priority will be given to Bumiputeras wanting to own shares in government-linked companies (GLCs).

He explained that the move is not intended to grab shares owned by the other races as some are fearful of.

Awang Adek said it is also in line with the directive of Prime Minister Datuk Seri Najib Tun Razak who wants to increase the ownership of shares among Bumiputeras to ensure they do not lag behind in comparison to other races.

On the gold dinar and the silver dirham sponsored by the Kelantan state government, he said the people will not gain any benefit but the company producing it will profit.

He also indicated that the people of Kelantan should not be confused by the introduction as it did not differ from purchasing gold items in shops.

“I believe for those with the means, it is better for them to purchase gold items, which at the least can be worn by family members apart from the cost of production being cheaper compared to the gold dinar,” he said.

   
Email Print
   
 
 
E-browse
Actionline