CAPITAL ACCUMULATION BETWEEN PETRONAS, GOVERNMENT AGENCIES AND BUMIPUTERA ENTREPRENEURS

  • Saiful Khairi Kamarudin
  • Puteh Noraihan A Rahman Taylor's University (Lakeside Campus)

Abstract

The foundation of Petroliam Nasional Berhad (PETRONAS) was one way of increasing the bumiputera’s equity. This paved the way to improve the disparity in the Malay social economic conditions with other Malaysian races and subsequently enhanced Malay economic wealth. This article will explore how PETRONAS were able to consolidate the interests of bumiputera socio-economic needs which led to the creation of Malay middle class. The focus of the paper would be on the role of PETRONAS in expanding and sharing its business operations and profitability with government agencies and Malay entrepreneurs. The business expansion would be through the rationalization process to other bumiputera companies or the profit sharing measure through inter-capital relationship or inter-skill benefit.


 

Downloads

Download data is not yet available.
Published
2019-12-28
How to Cite
KAMARUDIN, Saiful Khairi; A RAHMAN, Puteh Noraihan. CAPITAL ACCUMULATION BETWEEN PETRONAS, GOVERNMENT AGENCIES AND BUMIPUTERA ENTREPRENEURS. SEJARAH: Journal of the Department of History, [S.l.], v. 28, n. 2, dec. 2019. ISSN 1985-0611. Available at: <https://ejournal.um.edu.my/index.php/SEJARAH/article/view/16908>. Date accessed: 30 mar. 2020.
Section
Articles