Prime Minister Anwar Ibrahim orders Mara Act draft amendments completed in three months, focusing on governance and Bumiputera economic role
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has instructed that the draft amendments to the Majlis Amanah Rakyat (MARA) Act be completed within three months.
Anwar, who is also Finance Minister, said the move includes streamlining MARA’s role as a key umbrella for the Bumiputera economy as well as a one-stop centre for development through better coordination of related agencies and policies.
He said emphasis would also be placed on governance to ensure the Bumiputera agency not only speaks up on key issues, but also demonstrates stronger commitment to good governance practices.
“In its 60 years, MARA has seen its ups and downs. There were times when governance issues were seen as weak and problematic. That is why I thank the MARA chairman for giving due attention to governance.
“I therefore expect the new MARA Act to be ready before the end of the year. I do not want to wait too long. There is no need to take seven to eight months…submit the draft to me within three months,” he said when speaking at the MARA 60th anniversary celebration at the World Trade Centre Kuala Lumpur here today.
Also present were Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, MARA chairman Datuk Dr Asyraf Wajdi Dusuki and MARA director-general Datuk Zulfikri Osman.