The Bumiputera Agenda Steering Unit (Teraju) has been transferred from the Ministry of Economy to the Prime Minister's Department, Prime Minister Datuk Seri Anwar Ibrahim announced on June 15, 2026. He said the move aims to strengthen supervision of Bumiputera development programmes, particularly the Bumiputera Economic Transformation Plan 2035 (PuTERA35) [1, 2].
Economy Minister Akmal Nasrullah Mohd Nasir detailed the transfer at a press conference on June 16. He said Teraju has established key initiatives including the XCELERATE programme and the Bumiputera Strategic Acquisition Fund (BSAF). "For Teraju, the fundamental blocks are already in place. Moving forward, its direction has been clearly set," Akmal said. "From this year onwards, the focus will be on execution. Teraju aims to produce 20 publicly listed Bumiputera companies, and I hope it will remain firmly focused on advancing the PuTERA35 agenda" [1, 3, 2].
The government-linked investment companies have increased their investment commitment in Bumiputera businesses to RM2 billion in 2026, up from RM1.3 billion in 2025, supporting Teraju's goals [1, 2]. Akmal encouraged more Bumiputera companies to use capital markets as part of their long-term growth strategies. He stressed the need for these companies to improve governance, professional leadership, financial discipline and innovation to succeed [1, 3, 2].
"These are the qualities that investors look for," Akmal said. "Not just strong numbers, but credibility, resilience, and the ability to deliver sustainable value. As Malaysia move towards the aspiration of PuTERA35, we need more Bumiputera companies that are commercially strong, globally competitive, and able to contribute to national prosperity" [1].
The government expects Teraju to accelerate the implementation of PuTERA35 by leveraging its new position under the Prime Minister's Department. The target is to have 20 Bumiputera companies publicly listed as part of the plan’s execution phase beginning in 2026 [1, 3, 2].
