51% equity rule – the making of more Malay fat cats?

51% equity rule – the making of more Malay fat cats? - Hello loyal readers FeedGoogle, In the article you are reading this time with the title 51% equity rule – the making of more Malay fat cats?, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

You must have been following the ongoing excitement about the government ruling that requires non-Bumiputera freight forwarding companies to sell 51% of their equity to Bumiputeras.My own reaction was “Oh wow, haven’t heard of such things for a while”. I guess unremitting disasters (viruses, incompetent governments, economic stress) have been occupying my mind a lot lately.But this is Malaysia, and Covid or no Covid, nothing much has changed. Seems like our regular Malaysia Boleh service is resuming as things are beginning to look up a bit. I have a question though – how will this help the Malays? Seriously, do you think anybody in KL cares about our Bumiputera brothers and sisters across the South China Sea?If the companies are nationalised instead and the shareholdings turned into unit trusts and distributed to all Bumiputeras (here give a bit of face lah to the East Malaysia…