All GLCs will be required to create a Bumiputera vendor development programs
“All GLCs will be required to create a bumiputera vendor development programme,” it read. Khazanah has already come under flak from both Prime Minister Tun Dr Mahathir Mohamad and Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali for deviating from its real task to assist in increasing bumiputera corporate ownership.
MED has partnered Petronas to establish a new vendor-based development programme (VDP) to raise the capabilities of local firms in the oil and gas sector as part of the ministry’s National Entrepreneurship Framework (NEF) launched in November.
Full picture needed for GLC reforms — don
MED and Petronas collaborate on Bumiputera vendor development programme