UiTM prioritises bumiputra firms in procurement, says Finance Ministry
PUTRAJAYA: The Finance Ministry (MOF) has clarified on Sunday (June 1) that Universiti Teknologi Mara (UiTM) is fully authorised to prioritise bumiputra companies in its procurement processes, in line with the government's procurement policy outlined in Treasury Circular PK1.5.
The statement follows allegations by Parti Bumiputera Perkasa Malaysia (Putra) on social media, which claim that UiTM is sidelining bumiputra interests in its procurement practices.
"The recent amendment to PK1.5, which takes effect in 2025, requires that the chief financial officer or financial controller of a company be of bumiputra status. This aims to strengthen bumiputra professionalism further and applies to UiTM's procurement,' the ministry said.
It also clarified that the 2025 amendments related to Malaysia's commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) do not apply to UiTM, as the university is a statutory body and thus falls outside the scope of the trade agreement.
"As such, UiTM remains a government entity that can fully implement the bumiputra Company Preference Policy in procurement. This in no way undermines the bumiputra empowerment agenda in procurement and project implementation,' MOF added.
The ministry reaffirmed its commitment to ensuring that all government agencies continue to uphold the bumiputra preference policy, which aims to strengthen the capacity of bumiputra companies in a supportive economic environment. - Bernama
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PUTRAJAYA: The Finance Ministry (MOF) has clarified on Sunday (June 1) that Universiti Teknologi Mara (UiTM) is fully authorised to prioritise bumiputra companies in its procurement processes, in line with the government's procurement policy outlined in Treasury Circular PK1.5. The statement follows allegations by Parti Bumiputera Perkasa Malaysia (Putra) on social media, which claim that UiTM is sidelining bumiputra interests in its procurement practices. "The recent amendment to PK1.5, which takes effect in 2025, requires that the chief financial officer or financial controller of a company be of bumiputra status. This aims to strengthen bumiputra professionalism further and applies to UiTM's procurement,' the ministry said. It also clarified that the 2025 amendments related to Malaysia's commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) do not apply to UiTM, as the university is a statutory body and thus falls outside the scope of the trade agreement. "As such, UiTM remains a government entity that can fully implement the bumiputra Company Preference Policy in procurement. This in no way undermines the bumiputra empowerment agenda in procurement and project implementation,' MOF added. The ministry reaffirmed its commitment to ensuring that all government agencies continue to uphold the bumiputra preference policy, which aims to strengthen the capacity of bumiputra companies in a supportive economic environment. - Bernama
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