Minister confirms freight forwarders bumi equity rule postponed to end 2022

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PARLIAMENT | Finance Minister Tengku Zafrul Abdul Aziz has confirmed that the implementation of a bumiputera equity rule for freight forwarders involved in international services has been postponed until the end of 2022.Zafrul told the Dewan Rakyat that this is to allow the Peneraju Agenda Bumiputra (Teraju) unit to review the policy further.The rule was supposed to come into force at the end of this year, causing alarm among the Federation of Malaysian Freight Forwarders (FMFF).It argued that the rule puts local international integrated logistics services (IILS) players at a disadvantage.Finance Minister Tengku Zafrul Abdul Aziz This is as the rule does not apply to foreign-owned co