Its women's wing chief, Kho Teck Wan, asked if the requirement under the New Economic Policy, which was introduced in 1971, was still relevant in current times.
Kho said since the beginning of last year, logistics companies had been facing a very challenging time in the global supply chain crisis due to the Covid-19 pandemic. "No entrepreneur in the world, bumiputra or not, wants to build a business just to sell 51% ownership and become a minority shareholder, especially if the company is a family-owned business that is built over a few generations," she said.
When mediocrity rules and is being promoted?
UMNO is PM
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SUPP Women's wing urges Putrajaya to focus on friendly economic policies, not imposing 51 per cent Bumiputera equity ownership | Malay MailKUCHING, Sept 26 — Sarawak United People’s Party (SUPP) Women’s wing has called on the Ministry of Finance (MoF) to focus on friendly economic policies that can help economic recovery and increase the median household income, instead of imposing a 51 per cent Bumiputera ownership... Have some bite and condemn this rubbish wildly biased policy. It’s basically only allowing Bumiputra the right to run those companies which is racist. Make your own efforts. What do you mean friendly? Do you mean subliminal?
Source: malaymail - 🏆 1. / 86 Read more »
Lawmaker urges government to engage all stakeholders over logistics Bumiputera equity issue | Malay MailKUALA LUMPUR, Sept 25 — Bangi MP Ong Kian Ming called today for objective discussions on the Finance Ministry’s proposal to require local logistics operators to have 51 per cent Bumiputra ownership. He said the ministry’s decision to postpone the requirement was not a long-term solution....
Source: malaymail - 🏆 1. / 86 Read more »
Business group urges govt to reopen business events sectorSamenta says this will help related SMEs recover.
Source: malaysiakini - 🏆 20. / 51 Read more »
Over RM30bil in economic grants, subsidies discussed at Pakatan-Finance Ministry meeting ahead of Budget 2022PETALING JAYA: A total of RM30bil in grants and subsidies for the economic sector was among the matters discussed at a meeting between Pakatan Harapan and the Finance Ministry, says the Pakatan Harapan Economic Committee.
Source: staronline - 🏆 4. / 75 Read more »
PM to table 12MP on Monday | The Malaysian InsightGovernment to focus on ongoing projects, new mega-projects not a priority.
Source: msianinsight - 🏆 8. / 63 Read more »
MyCEB urges govt to reopen fully vaccinated business events industry soon | Malay MailKUALA LUMPUR, Sept 24 — Malaysia Convention and Exhibition Bureau (MyCEB) is urging the government to reopen the fully vaccinated business events industry as soon as possible. In a statement today, MyCEB said business events activities brought a huge direct economic impact to the country while...
Source: malaymail - 🏆 1. / 86 Read more »