Saddiq questions why Malaysian equity holders punished for not being born Malay

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PARLIAMENT | A lawmaker has questioned why the government's plan to increase bumiputera equity ownership is at the expense of other Malaysians.Citing figures where 45.5 percent of equity is foreign-owned, Syed Saddiq Syed Abdul Rahman (Independent-Muar) said it was unjust to take away equity from non-bumiputeras.This is as foreign-owned companies are also given bumiputera equity exemptions, he said."The government's solution (to increase bumiputera equity) is to take equity from non-bumiputera Malaysians and to give it to bumiputeras."Where is the fairness? We prioritise foreigners more than our very own Malaysians because they (non-bumiputeras) were not born Malay and Muslim," he said in the Dewan Rakyat today.The 45.5 percent foreign-owned equity as of 2019 was cited by Prime Minister Ismail Sabri Yaakob while tabling the 12th Malaysia Plan yesterday.B…