Bumiputera definition
Examples of Bumiputera in a sentence
Any measure and special preference granted to Bumiputera, Bumiputera status companies, trust companies and institutions set up to meet the objectives of the New Economic Policy (NEP) and the National Development Policy (NDP) shall be unbound.
B) The VENDOR is currently still in discussions with LEMBAGA TABUNG ANGKATAN TENTERA with a view to its being the Malaysian Bumiputera investor to whom the VENDOR will divest its rights to the 20% Block.
An announcement indicating the Bumiputra sale will be made before commencement of a sale of Bumiputera restricted properties.
The VENDOR is currently in discussion with LEMBAGA TABUNG ANGKATAN TENTERA with a view to its being the Malaysian Bumiputera investor to take up the 10% Block pursuant to the proposed divestment.
B) To fulfil the equity requirements set out by the MDTCA pursuant to the DS Guidelines, the VENDOR is willing to restructure NSMH (as the holding company of NSM) and to divest, in the manner described in Recital III(C), its right to 70% (Seventy percent) of its effective equity shareholdings in NSM to Malaysians, including 30% (Thirty percent) thereof to Bumiputera Malaysian.
C) The PURCHASER has agreed that following NSE’s divestment of its rights to the 20% Block to LEMBAGA TABUNG ANGKATAN TENTERA and/or the Other Bumiputera Investor, the equity interests of the PURCHASER in the enlarged share capital of NSMH will be diluted accordingly.
However, PRIOR to this auction, it is the responsibility and liability of intended bidder to obtain further confirmations from Developer/Proprietor and /or the relevant authorities (whether or not the Property is reserved for Bumiputera or Malay only and the Purchaser’s eligibility and qualification to purchase the Property) .
Privilege method is the exclusive right given to Bumiputera and government public enterprises due to the affirmative action policy through the implementation of NEP.
SESB has also focus on development of Bumiputera Vendors as well as its continuous pursuance on ‘Smart Partnership’ concept with potential Vendors.
The programme’s emphasis on dynamic Bumiputera SMEs was timely and reasonable, although like the NEM, it involved selective interventions not systemic transformation.