Budget 2018 Commentary by TERAJU: Uplifting the Merits of TKB

The Government’s Bumiputera Agenda Steering Unit, TERAJU welcomes the initiatives underlined in Budget 2018 that will provide a more holistic, inclusive, focused and viable approach towards promoting the national, economic and social development and well-being of Malaysia.

In the overall pursuit of the Bumiputera agenda, Budget 2018 strengthens the Transformasi Kesejahteraan Bumiputera (TKB or Bumiputera Well-being Transformation) initiative announced earlier this year. This entrusts TERAJU with an encompassing role of ensuring that the ideals in education, health, social and culture, living environment, and Bumiputera stature are lifted to greater heights.

Datuk Husni Salleh, TERAJU’s Chief Executive Officer says that provisions in Budget 2018 signals and reaffirms the national commitment to promote greater success among the Bumiputera. This includes the efforts of the RM555 million (mn) allocation for Bumiputera Entrepreneurship Enhancement Programmes, with the RM155mn allocation for the development of Bumiputera Vendor Capacity, and the RM90mn in the Peneraju Professional, Peneraju Skill and Peneraju Tunas programmes, along with the RM2.5 billion (bn) allocation in scholarships for undergraduates pursuing studies in the fields of artificial intelligence (AI).

This is further backed up with numerous other allocations announced for the Malaysia Budget 2018 and TERAJU’s presence at the Urban Transformation Centres (UTC) one-stop centres nationwide to provide professional assistance with regards to employment and training opportunities.

“The provisions for SUPERB will indeed generate more creative and innovative talent among young entrepreneurs. Thus far, RM73.75 million has been given since 2014. And TERAJU is delighted that more opportunities will abound.”

In the context of an increasingly globally competitive economic and rapidly progressive social landscape, Budget 2018 addresses the many critical areas that we as Bumiputera must decisively recognise and embrace in pursuit of excellence. These measures, many of which will only succeed with a change in mindset, will ensure that Bumiputeras do not get left behind,” adds Datuk Husni.


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