National oil company Petronas is still failing in its mandate to help bumiputera companies, which receive only five percent of its expenditure budget, the Malay Economic Action Council (MTEM) said today.
MTEM, which consists of 42 Malay business groups, said of the RM200 billion total Petronas expenditure budget, only RM10 billion were received by bumiputera businesses and mostly under its vendor development programme (VDP).
