mk-logo
News
'Unfair to enforce 51pct bumi equity on freight forwarders retrospectively'
Published:  Sep 23, 2021 6:24 AM
Updated: Sep 25, 2021 12:11 AM

It would not be fair for freight forwarding firms that have already been running for years to now sell off part of their company in order to comply with a proposed 51 percent bumiputera equity rule, said former finance minister Lim Guan Eng.

He was responding to the Federation of Malaysian Freight Forwarders (FMFF) which urged Putrajaya to clarify the policy, which the government has yet to detail, even though the deadline is at the end of this year.

Lim (above) said the proposal had come up to him when he was...

Unlocking Article

Show your support for robust journalism

Millions depend on Malaysiakini for the truth. Millions depend on Malaysiakini for quality journalism. Millions depend on Malaysiakini to stand in honour of integrity and justice.

Without a mafia owner to dictate our journalism; free from political or commercial influence, Malaysiakini has only one boss - you, the rakyat.

We take this opportunity to thank you for your love for our country, your trust and respect in us to do our job in holding the powerful to account. We depend on your subscription to protect the sanctity of our journalism. Thank you.

Malaysiakini Team

View Comments
Most Read
Most Commented
Most Recent