DPM Ahmad Zahid proposes Bumiputera Economic Transformation

PUTRAJAYA: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi today proposed the implementation of Bumiputera Economic Transformation (TEB) as a policy to empower the Bumiputera.

He said TEB set three main goals, namely socio-economic justice, sustainable statehood, as well as national prosperity and people's well-being.

This is to ensure that the policy and implementation of the national economic agenda not only guarantee the involvement and rights of the Bumiputeras but also ensure their synergy with the non-Bumiputera, he said.

"These three goals demand that all races work shoulder to shoulder to develop the country, respecting fair distribution while accepting the fact, that efforts to strengthen Bumiputera participation in all economic sectors are within the framework of the Federal Constitution.

"It is also to remove the narrative that the country's economy is dominated by the minority groups, which of course raises anxiety of the majority and ultimately creates social disparity.

"This kind of situation is certainly not healthy for a country that has been developed jointly for more than six decades," he said in his keynote address at the Bumiputera Economic Congress 2024, here today