Kuala lumpur: A total of RM40 million has been allocated through investments by government-linked investment companies (GLIC) and government-linked companies (GLC) to accelerate the process of scaling up high-potential bumiputera companies, said Prime Minister Datuk Seri Anwar Ibrahim.

According to BERNAMA News Agency, Anwar, who also serves as Finance Minister, announced that following the merger of Ekuinas and Pelaburan Hartanah Bhd (PHB) under the Yayasan Pelaburan Bumiputra (YPB), Ekuinas will develop its investment capabilities until it reaches a stage where it can be listed and subsequently taken over by Permodalan Nasional Bhd (PNB).

PHB is focused on strengthening bumiputera strategic ownership in major real estate and businesses. This initiative was part of the announcements made by Anwar when tabling Budget 2026 in the Dewan Rakyat.

Additionally, the Prime Minister highlighted the government’s initiative to add 20.23 hectares of Malay Reserve land in Bandar Malaysia. Petronas, the owner of the Bandar Malaysia land, is preparing a development plan set to commence by the end of 2026.

The expansion project of Subang Airport, which holds strategic importance for the aerospace industry, is also expected to be led by the government and GLCs. This is to ensure that national interests and bumiputera participation are given priority.

The Retirement Fund (Incorporated) (KWAP) is playing its part by providing RM20 million for a micro-financing programme aimed at retirees, with the goal of empowering entrepreneurship at the community level.