SHAH ALAM, April 11 (Bernama) — The Selangor Malay Chamber of Commerce Malaysia (DPMMS) appealed to the Prime Minister Datuk Seri Mohd Najib Tun Razak to continue with the Bumiputera Entrepreneur Development programmes previously carried out by the Ministry of Entrepreneur and Cooperative Development (MECD) to help the group.
Making this appeal, DPMMS chief Tan Sri Rozali Ismail said the memorandum seeking the continuity of the programmes will be sent to Mohd Najib next week.
Speaking to reporters after chairing the annual general meeting of DPMMS here Saturday, he said it was a little too early to review the status of the Bumiputera entrepreneur development programmes after having just made MECD defunct during the announcement of the new cabinet line up on Thursday.
“What is important is that there is a need to continue with the development programmes,” he said.
Rozali also said agencies like MARA under MECD have not been dissolved but Bumiputera entrepreneurs are still wanting to know where agencies like MARA will be placed.
Apart from that, members of the chamber also hope that the government would give priority to Bumiputera traders in the distribution of the economic stimulus package announced by Mohd Najib who is also Minister of Finance.
He said that 40 percent of DPMMS members currently, comprising 2,529 companies and individuals, have been affected by the global economic downturn with some waiting for the time to call it a day.
The decline in business being felt by all has been due to the cancellation of contracts or orders from overseas companies due to the global economic downturn, he said.
“Therefore, financial institutions in Malaysia and the relevant government agencies involved (in the provision of loans) should take into account the economic recession before making any policy or regulation involving business,” he said.
He said banks need to reassess or restructure loans taken by companies currently affected by the global economic meltdown.
Meanwhile, the vice president of the Malay Chamber of Commerce Malaysia (Central) Datuk Faudzi Naim Noh said that without MECD, he said economic bodies like business chambers would have to play an important role in the development of Bumiputera entrepreneurs.
“The way I see it, when the government is not continuing with the ministry (MECD), the responsibility of developing the entrepreneurs lies more with the organisations. Each committee member needs to understand their responsibility and provide better services to their members,” he said.
Source : Bernama