What are the core objectives of XCELERATE and BSAF programs?

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Core Objectives of XCELERATE and BSAF Programs Remain Undisclosed

The core objectives of the XCELERATE and Bumiputera Strategic Acquisition Fund (BSAF) programs, established by the Bumiputera Agenda Steering Unit (TERAJU), have not been explicitly detailed. While these programs are identified as fundamental blocks for TERAJU's operations, the specific aims and functions of each are not elaborated upon in the provided information.
Established Programs Under TERAJU

TERAJU operates with key programs already in place, including XCELERATE and the Bumiputera Strategic Acquisition Fund (BSAF). These initiatives are considered foundational elements by the agency as it pursues its broader economic transformation goals.
Focus on Execution and Public Listings

Moving forward, the emphasis for TERAJU will be on the execution of its plans. A significant target is to facilitate the listing of 20 Bumiputera companies on stock exchanges by the year 2035, aligning with the Bumiputera Economic Transformation Plan 2035 (PuTERA35) agenda.
Strengthening Bumiputera Development Oversight

The recent placement of TERAJU under the Prime Minister’s Department is intended to enhance the supervision of Bumiputera development programmes, particularly those related to PuTERA35. This move aims to strengthen TERAJU's position and accelerate its progress in advancing the agenda.

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What are the core objectives of XCELERATE and BSAF programs?

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