ID :
24477
Tue, 10/14/2008 - 18:31
Auther :
Shortlink :
http://m.oananews.org//node/24477
The shortlink copeid
GLCs SUPPORT NATIONAL DEVELOPMENT, SAYS M'SIAN DPM
KUALA LUMPUR, Oct 14 (Bernama) -- The role of government-linked companies (GLCs) in supporting national development is a major thrust in their transformation programme under the Red Book, Najib Razak said Tuesday.
The Deputy Prime Minister said the Red Book, published in April 2006, has
become a guide for the procurement exercises of GLCs, including their
initiatives to make Bumiputera and local entrepreneurs strong and
competitive.
"In line with the policy guidelines, the GLCs have played a role in
assisting small and medium scale Bumiputera enterprises," he said.
Najib, who is also the Finance Minister, said programmes such as Bumiputera
Vendors Development Programme (BVDP) had been drawn up to raise the capability
of small companies and promote the participation of Bumiputera entrepreneurs in
economic activities.
Citing an example, he said from the RM5.5 billion allocated for procurement
by Tenaga Nasional Bhd (TNB) in 2007, a total of 32 percent or RM1.8 billion was
awarded to Bumiputera vendors.
Tenaga Nasional Berhad (TNB, MYX: 5347) is the largest electricity utility
company in Malaysia and also the largest power company in Southeast
Asia.
"TNB is also playing an umbrella role to 250 vendors under the BVDP," he
said in reply to a question from Azmi Khalid in the Lower House of
Parliament.
Najib said that monitoring on the Red Book programme implementation by
GLCs, including their overall performance, being undertaken by the Putrajaya
committee for high performance of GLCs was a major element in the transformation
programme.
"In addition, the role of the GLCs in supporting the national
development
agenda is not restricted to the procurement aspect. The transformation programme
also gives attention to the development of human capital, aimed at enhancing the
GLCs," he said.
The GLCs were providing opportunities and guidance not only to Bumiputera
(son of the soil) entrepreneurs but also local non-Bumiputera entrepreneurs,
Najib said.
He said the government has always encouraged companies in the private
sector to play their role in developing local vendors, including Bumiputera
vendors.
"Major non-Bumiputera firms which hold licences and get contracts from the
government should give priority to the development of small and Bumiputera
companies," he added.
The Deputy Prime Minister said the Red Book, published in April 2006, has
become a guide for the procurement exercises of GLCs, including their
initiatives to make Bumiputera and local entrepreneurs strong and
competitive.
"In line with the policy guidelines, the GLCs have played a role in
assisting small and medium scale Bumiputera enterprises," he said.
Najib, who is also the Finance Minister, said programmes such as Bumiputera
Vendors Development Programme (BVDP) had been drawn up to raise the capability
of small companies and promote the participation of Bumiputera entrepreneurs in
economic activities.
Citing an example, he said from the RM5.5 billion allocated for procurement
by Tenaga Nasional Bhd (TNB) in 2007, a total of 32 percent or RM1.8 billion was
awarded to Bumiputera vendors.
Tenaga Nasional Berhad (TNB, MYX: 5347) is the largest electricity utility
company in Malaysia and also the largest power company in Southeast
Asia.
"TNB is also playing an umbrella role to 250 vendors under the BVDP," he
said in reply to a question from Azmi Khalid in the Lower House of
Parliament.
Najib said that monitoring on the Red Book programme implementation by
GLCs, including their overall performance, being undertaken by the Putrajaya
committee for high performance of GLCs was a major element in the transformation
programme.
"In addition, the role of the GLCs in supporting the national
development
agenda is not restricted to the procurement aspect. The transformation programme
also gives attention to the development of human capital, aimed at enhancing the
GLCs," he said.
The GLCs were providing opportunities and guidance not only to Bumiputera
(son of the soil) entrepreneurs but also local non-Bumiputera entrepreneurs,
Najib said.
He said the government has always encouraged companies in the private
sector to play their role in developing local vendors, including Bumiputera
vendors.
"Major non-Bumiputera firms which hold licences and get contracts from the
government should give priority to the development of small and Bumiputera
companies," he added.
