Which of MEA’s 32 agencies support the wealth redistribution agenda?

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The Ministry of Economic Affairs Oversees 32 Agencies, with a Specific Focus on Wealth Redistribution Initiatives

The Ministry of Economic Affairs (MEA) is responsible for a total of 32 government agencies. A significant portion of these agencies are specifically tasked with advancing the wealth redistribution agenda, aiming to address and reduce long-standing disparities and inequalities within the nation.
Agencies Directly Involved in Wealth Redistribution

Several key agencies fall under the MEA's purview and are directly engaged in efforts to redistribute wealth. These include the Federal Land Development Authority (FELDA), the Federal Land Consolidation and Rehabilitation Authority (FELCRA Berhad), and the Rubber Industry Smallholders Development Authority (RISDA). These entities have historically played crucial roles in supporting rural communities and smallholder development.
Support for Specific Sectors and Bumiputera Development

The MEA's oversight also extends to specialised agencies focused on particular sectors and the development of Bumiputera economic participation. Among these are the Halal Development Corporation (HDC), Bank Pembangunan Malaysia Berhad (BPMB), and Amanah Raya Berhad (ARB). Furthermore, the Unit Peneraju Agenda Bumiputera (TERAJU) and Ekuiti Nasional Berhad (EKUINAS) are directly involved in promoting equity and economic opportunities.
Corporations and Foundations Focused on Economic Growth and Property Investment

The list of agencies supporting the wealth redistribution agenda also includes corporations and foundations tasked with strategic economic development and investment. This encompasses entities such as the Malaysia Petroleum Resources Corporation Berhad (MPRC), Johor Petroleum Development Corporation (JPDC), and FELDA Global Ventures Holdings Berhad (FGV). Additionally, various Yayasan (foundations) like Yayasan Amanah Hartanah Bumiputera and Pelaburan Hartanah Berhad (PHB) are dedicated to property investment and wealth management for specific communities.
State-Level Economic Development Corporations and Other Entities

A substantial number of state-level economic development corporations are also under the MEA's supervision, underscoring a commitment to regional development and equitable growth across all states. These include the Penang Development Corporation (PDC), Sarawak Economic Development Corporation (SEDC), and Sabah Economic Development Corporation (SEDCO), alongside numerous other state-based development agencies. The Department of Statistics Malaysia is also supervised by the MEA to enhance policy formulation.

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Which of MEA’s 32 agencies support the wealth redistribution agenda?

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