A new equity policy for
bumiputeras in the 12MP to ensure sustainable equity holdings by bumiputeras as an equity safety net would be launched to guarantee that the sale of shares or bumiputera-owned firms would only be sold solely to bumiputera-owned companies, consortium or individuals.
Syed Saddiq said that the new rulings were unfair as they would be tantamount to taking equity from the non-bumiputeras and giving them to bumiputeras. Former Health Minister,
Dzulkefly Ahmad had also described the policy as "suicidal" and claimed that the new policy would only kill the bumiputera companies economically if that is their intention. He also said that based on the feedback from Malay businessmen, most were against the idea of the new bumiputera-only policy being implemented. Ismail Sabri announced it after revealing that the government’s target to raise bumiputera equity ownership to 30% had yet to be achieved. He also announced funding to improve bumiputera businesses’ sustainability to hit 15% contribution in
gross domestic product (GDP) by bumiputera micro, small and medium enterprises by 2025. == References ==