July 24, 2011 19:37 PM
IPOH, July 24 (Bernama) — The government needs some time to help develop the Bumiputera economy under the Economic Transformation Programme (ETP) because it requires re-structuring the economy from old to new, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
He said it was not a process that could be carried out overnight.
“In the context of helping Bumiputeras, what we do is to identify existing companies and help them to become bigger and more competitive,” he told reporters after opening Kampong Manjoi’s new market here Sunday.
He said this when commenting on allegations by the Malay Economic Consultative Council (MAPEM) that Teraju, the government arm tasked with the matter, was moving in “slow motion”.
Ahmad Husni said Teraju was only six months old must and hence needed to be given more time to produce results.