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ETP ANNUAL REPORT 2011
Through centralised initiatives under the Government
Transformation Programme (GTP), the bottom 40 per cent income
group continues to be supported by various policy measures at
the Federal and State levels to narrow the income disparity.
The focus of this SRI is to grow SMEs which are known to be the
backbone of any economy. The SMEs in Malaysia contributed
more than 30 per cent to the national GDP in 2010 with an average
growth rate of 5.7 per cent.
In Malaysia, out of the 30 per cent total SME contribution,
Bumiputera SMEs only contributed 13 per cent to the national
GDP in 2010. There is a need to grow Bumiputera SMEs to match
non-Bumiputera SME contribution to the GDP by year 2020 to at
least a 50:50 ratio. As such, the target is to grow the Bumiputera
SME contribution by 11.5 per cent year-on-year from 13 per
cent GDP contribution in 2010 to 20 per cent GDP contribution
by 2020.
Exhibit 13.9
Achievements
TERAJU
The two NEM policies form a small component of the bigger
agenda – the Bumiputera Economic Transformation Programme
(BETP). The BETP that is led by TERAJU, a unit in the Prime Minister’s
Department that reports directly to the Prime Minister and the
Majlis Tindakan Agenda Bumiputera (MTAB). TERAJU was set up to
lead, coordinate and drive Bumiputera participation through new
and existing initiatives, while acting as the Secretariat to MTAB
and overseeing the Skim Jejak Jaya Bumiputera (SJJB). The BETP
was launched by the Prime Minister on 26 November 2011.
The initiatives under the BETP will be guided by the following four
principles in line with the NEM:
1. Market friendly – Resources will be optimally allocated and
will not cause, contribute or perpetuate economic distortions
226
GDP Contribution by Bumi SMEs, 2009 – 2020
RM billion
98
109
121
135
151
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
13% 13% 14% 15% 16%
11.5%
168
188
209
Bumi SME GDP as % of national GDP CAGR for Bumi SME GDP
233
260
16% 17% 18% 19% 20%
2. Needs-based – Bottom 40 per cent households and
disadvantaged groups with specific needs will be targeted
3. Merit-based – Programmes will encourage competition and
award opportunities to the most qualified individuals and
businesses.
4. Transparent – Policies, procedures and criteria will be made
clear and public.
TERAS
In order to achieve the objective of increasing Bumiputera SME’s
GDP contribution to 20 per cent by 2020 and ensuring active
participation of Bumiputera SMEs in the 12 NKEAs, TERAJU launched
a programme called TERAS. TERAS aims to increase Bumiputera
SMEs’ participation in the economy by enabling SMEs to scale up,
accelerate their growth and compete in the open market, without
heavy reliance on Government contracts. This programme will also
place emphasis on developing quality Bumiputera SMEs that will
in turn, trigger various business opportunities for themselves and
other Bumiputera SMEs. This will be executed by identifying High
Performing Bumiputera SMEs (HPBS) comprising the top 5 per cent
of the overall Bumiputera SMEs.
These companies will be given business opportunities via either
government driven initiatives (i.e. through targeted procurement)
or private sector driven initiatives (i.e. GLC Vendor Development
Programme, Asset Divestments, Bumiputera Corporate Champions
(BCC) Vendor Development).
Exhibit 13.10
Identifying and supporting high-performing
Bumiputera SMEs (HPBS)
Business
Opportunities Objective
Enablers
To accelerate growth
of competitive Bumi SMEs
• Bumi SMEs to contribute 20% of national GDP by 2010
• Vibrant participation in 12 NKEAs via strong Bumi SMEs and BCCs
Government Driven
• Ministries & agencies
– targeted procurement
Private Sector-Driven
• GLCs – vendor development,
non-core asset divestments
and services outsourcing
• BCCs – vendor development
High Performing Bumi SMEs
Top 5% of Bumi SMEs
Other Bumi SMEs
1Malaysia Partnerships
Funding Talent Development