This a rather old news (announced on 26th November 2011), but till date I can’t find any info about this Yayasan. Don’t ask me how to apply etc.
So, RM30 million from government for this education fund, and to be supplemented by contribution from GLCs etc to the tune of RM158 million so far. Very huge some indeed.
Wonder if the same can be done for other Malaysians. We also human beings la.
In launching a new strategic roadmap to boost Bumiputera participation in the national economy, Datuk Seri Najib Razak announced today a RM30 million endowment from the government into a new private education trust fund for Malaysia’s largest ethnic community.
The Yayasan Peneraju Pendidikan Bumiputera, he said, is aimed to fund 12,000 Bumiputeras in private education all the way through to PhD level.
“Raising the capability is important to ensure the Bumiputera workforce can raise their individual potential income in line with the nation’s objective to achieve high-income status,” the prime minister said in his opening speech.
The trust fund is to start operations early next year, and is targeting to build a RM500 million fund within five years.
Najib (picture) said 21 companies and institutions have pledged a total of RM158 million for the fund to date.
Among a group 10 businesses injected funds of RM10 million each, included CIMB Bank Berhad, Felda Holdings Berhad, Sime Darby Berhad, UEM Group Berhad and Yayasan Al-Bukhary founded by magnate Tan Sri Syed Mokhtar Al-Bukhary, Malaysia’s richest Bumiputera corporate figure reported to be worth US$1.7 billion (RM5.4 billion).
In his speech, Najib noted the number of registered Bumiputera professionals had risen with the most recent record in 2008 showing there are now 51,306 or 45 per cent out of the entire group of professionals nationwide.
But he said it was not enough.
Najib said the transformation roadmap is a three-pronged approach to push Bumiputera stake of the national economic pie from the existing 21.9 per cent to fulfil the original New Economic Policy goal of 30 per cent.
Apart from setting up an education fund, the government is looking to grow entrepreneurship by setting up one-stop business centres in every state or economic corridor.
Najib announced the Northern Economic Corridor Region will be the first to open its doors by the first quarter of next year.
He added that the third strategy is to groom large-scale Bumiputera businesses.
He said by setting up such an economic ecosystem where the big companies help the smaller firms, it will ultimately result in more Bumiputera businessmen.
“Among the main steps that will be taken is to encourage company participation through joint-ventures and acquisitions.
“Besides that, the divestment of GLC involvement in non-core [businesses] can create business opportunities for Bumiputera companies,” Najib said.
As an example, he highlighted the recent distribution of 43 per cent of the overall value of the MyMRT project to Bumiputera.
The PM said a separate Bumiputera unit had been set up under MRT Corp to manage the Bumiputera interest in the rail project.





