Future Goals and Plans

Corporate Profile

In July 2023, YAB Prime Minister launched the MADANI Economy Framework, which serves as the foundation and guiding principles for our country’s economic and development plans. The framework outlines the values and high-level targets for Malaysia to become the leading Asian nation in humane economic development—achieving growth that upholds the principles of humanity and social justice.

The Bumiputera Economic Transformation Plan 2035 or PuTERA35, launched just over a year after the MADANI Economy, was developed in alignment with the economic framework and the 12th Malaysia Plan with input from various stakeholders including private sector, GLCs, GLICs, industry players, civil society, and community leaders. The 10-year transformation plan aims to address the economic disparity between the Bumiputera community, including the Orang Asli and the natives of Sabah and Sarawak, as well as the non-Bumiputera community.

PuTERA35 emphasises genuine cooperation across ethnic lines and seeks to ensure all ethnic groups will benefit from the country’s economic growth. To effectively address the economic gap and to support economic structural reforms that are being actively implemented, new sectors and industries that offer high added values, including High Growth High Value (HGHV) and high impact industries, have been identified to drive Malaysia’s economy.

PuTERA35 anticipates to:

• Increase individual Bumiputera ownership in business shares from 18.4 per cent in 2020 to 30 per cent by 2035;
• Increase Bumiputera participation through GLCs and GLICs equity;
• Boost Bumiputera employment in skilled sectors to 70 per cent by the year 2035, which is an increase of 9 per cent from 2022; and
• Close the income gap between Bumiputera and other races, as well as ending poverty among the Bumiputera community by 2035.

TERAJU's Role

TERAJU, as one of the nine (9) key agencies specifically mandated to drive the Bumiputera development agenda, plays a pivotal role in coordinating and empowering the Bumiputera community through PuTERA35. Working alongside other agencies such as Majlis Amanah Rakyat (MARA), Yayasan Peneraju, Ekuiti Nasional Bhd (Ekuinas), and the State Economic Corporations, TERAJU is focused on fostering Bumiputera participation in the nation's economic growth.
TERAJU's efforts are further supported by institutions like Permodalan Nasional Bhd (PNB), the Armed Forces Fund Board (LTAT), and Perbadanan Nasional Bhd (PNS), which collectively contribute to advancing the socioeconomic standing of the Bumiputera community.