The placement of the Bumiputera Agenda Steering Unit (TERAJU) under the Prime Minister’s Department is expected to accelerate the implementation of the Bumiputera Economic Transformation Plan 2035 (PuTERA35), including efforts to produce 20 publicly listed Bumiputera companies, Economy Minister Akmal Nasrullah Mohd Nasir said.
Akmal said the move strengthens TERAJU’s position and enables the agency to build on its existing foundations while speeding up the execution of key Bumiputera development initiatives.
“For TERAJU, the fundamental blocks are already in place. Moving forward, its direction has been clearly set, with key programmes such as XCELERATE and the Bumiputera Strategic Acquisition Fund (BSAF) already established.
“From this year onwards, the focus will be on execution. TERAJU aims to produce 20 publicly listed Bumiputera companies, and I hope it will remain firmly focused on advancing the PuTERA35 agenda,” he said.
Yesterday, Prime Minister Datuk Seri Anwar Ibrahim announced that TERAJU, previously under the Ministry of Economy, had been placed under the Prime Minister’s Department to strengthen oversight of Bumiputera development programmes, particularly initiatives under PuTERA35.
The Prime Minister also said government-linked investment companies (GLICs) had increased their investment commitment in Bumiputera businesses to RM2 billion for 2026, up from RM1.3 billion in 2025.
