Bumis rely too much on govt to become entrepreneurs, says deputy minister

Less than half of companies registered with the Companies Commission of Malaysia are owned by Bumiputeras.

PETALING JAYA: Deputy Entrepreneur Development Minister Dr Hatta Ramli says many Bumiputeras are reluctant to become entrepreneurs as they rely on government aid.

He said statistics show that only 40% of the companies registered with the Companies Commission of Malaysia are owned by Bumiputeras.

“It is true that there are statistics and the perception that Bumiputeras are still left behind. This is partly due to the lack of entrepreneurial skills training and the mind-set of Bumiputera entrepreneurs.

“There is a lack of encouragement and less interest among the Bumiputeras to explore the opportunities in entrepreneurship. A lot of them depend on the government, while the success of entrepreneurs should be based on their own initiatives,” he said in the Dewan Rakyat today.

He was responding to Ahmad Maslan (BN-Pontian) who asked the ministry to explain the small number of Bumiputeras involved in entrepreneurship.

Hatta said his ministry is targeting the involvement of 50,000 Bumiputeras in entrepreneurship within a year.

However, he said they have no numbers on how many Bumiputera entrepreneurs have failed in the field.

He said his ministry would discuss a change in the education syllabus to make entrepreneurship a compulsory core subject.