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Saddiq questions why M'sian equity holders punished for not being born Malay
Published:  Sep 28, 2021 5:46 AM
Updated: 6:19 AM

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...

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