Tesla, Starlink allowed 100% foreign ownership for nation’s benefit, says Anwar

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PM says the government took into account a range of benefits before waiving the local equity requirement.

Prime Minister Anwar Ibrahim said the government wants to promote economic growth and technological advancement with Tesla and Starlink’s arrival.

Anwar told the Dewan Rakyat that in the case of Starlink, the factors considered were global organisational structure, which demands a more effective decision-making process, as well as the Malaysiam Digital Bill of Guarantees and the benefits of Starlink services nationwide. He was replying to a question from Hamzah Zainudin , who wanted to know why the government did not apply the local equity ownership requirement for either company.

 

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