Bumiputera congress to grow the ‘pie’ for economic distribution, says Amir Hamzah

Bumiputera congress to grow the ‘pie’ for economic distribution, says Amir Hamzah

Second finance minister Amir Hamzah Azizan says his simple philosophy on the economy is on 'how to make the cake bigger', rather than 'how do I slice the cake'.

Amir Hamzah Azizan said issues such as poverty could disproportionately affect the Indian and Malay communities, and by addressing them, the government could simultaneously find solutions that benefit the entire society. (Bernama pic)
PETALING JAYA:
The three-day 2024 Bumiputera economic congress kicking off on Feb 29 aims to improve and grow the “economic pie” for the benefit of the community in line with the Madani framework, says second finance minister Amir Hamzah Azizan.

He said the government is looking at all possible ideas that can be implemented to further create more wealth for the Bumiputera community amid the rising cost of living, while at the same time strengthening fiscal reforms, Bernama reported.

“One message that Prime Minister Anwar Ibrahim has stressed upon is that it must be inclusive. So, when you solve an issue such as poverty, for example, you don’t solve it for a particular community but you solve it for the whole society,” he was quoted as saying.

Amir noted that issues such as poverty could disproportionately affect the Indian and Malay communities, and by addressing them, the government could simultaneously find solutions that benefit the entire society.

“I have a very simple philosophy that I would like to put forward, that is, how do I make the cake bigger, rather than how do I slice the cake?” he said.

When officiating the pre-launch of the congress recently, Anwar was reported to have said that compared with previous years, this year’s edition will be inclusive in discussing ways to tackle economic issues faced by the community.

He added that an inclusive approach in addressing the Bumiputera economy, would also mean resolving issues affecting other communities too.

Anwar said that is why the government wanted the participation of the Chinese and Indian chambers of commerce at the congress.

Meanwhile, Amir said that with the current government’s stability and the robustness of local institutions, Malaysia would provide additional assurance to foreign investors regarding its long-term prospects.

“I think a lot of (countries) have been paying us more attention. So, this year, we are not ‘dreaming’ too much. It’s actually about executing what we have already (announced) and making them happen.

“The plan is clear, it (just) needs to be pushed forward,” he said, according to Bernama.

The congress, taking place for three days beginning this Thursday at the Putrajaya International Convention Centre (PICC), will focus on 10 main clusters, including educational and human capital reforms, strengthening the halal industry, Sabah and Sarawak’s Bumiputera economy, and new technology.

It is set to be attended by more than 3,000 participants, including those from the Malay, Kadazandusun, Dayak, Iban and Orang Asli communities.

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