Najib blames rent seekers for failure to achieve 30pc equity


Najib reception a chit of await from Malay/Bumiputra commercial operation leaders led by Tan Sri Rahim Tamby Chik (left). Looking upon is Putrajaya Corporation boss Tan Sri Dr Aseh Che Mat. Najib reception a chit of await from Malay/Bumiputra commercial operation leaders led by Tan Sri Rahim Tamby Chik (left). Looking upon is Putrajaya Corporation boss Tan Sri Dr Aseh Che Mat.
PUTRAJAYA: Rent seekers caused a disaster to achieve a 30% bumiputra equity in a country's economy, saidPrime Minister Datuk Seri Najib Tun Razak.
Addressing an economic forum of Malay/Bumiputra leaders, Najib said when a lease seekers failed in their businesses, it derailed a target.
However, there have been some alleviation as a bumiputra equity had increased to 23% in 2010 from 21.9% in 2008, he said.
"This is a result of a government's market-friendly policies and a pierce to suggest commercial operation opportunities to bumiputras formed upon merit," he said. - Star
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