The Investment, Trade and Industry Ministry (Miti) has denied involvement in the Education Ministry’s decision to abolish the 30 percent bumiputera equity ownership requirement for private limited companies operating private educational institutions.

This came after the Education Ministry said yesterday that it reached the decision following discussions between the two ministries.

In its statement, Miti clarified that it has “no information” regarding the matter, highlighting that issues related to the bumiputera equity ownership policy fall under the Economy Ministry’s jurisdiction.

“Miti hopes this explanation helps clarify the role of the ministry in this matter so that information conveyed to the public is accurate and clear,” it added.

Malaysiakini has contacted the Education Ministry for a response.

The Education Ministry’s decision last night follows concerns from various sectors over the 30 percent bumiputera equity ownership requirement for private education institutions, including tuition centres, operating under company structures.

Result of Malay infighting?

However, Umno Youth chief Dr Akmal Saleh did not appear to take too kindly to the rule’s removal, alluding that Putrajaya is supposedly taking advantage of infighting among Malays to erode bumiputera protections.

In a brief Facebook post this morning, Akmal (above) said: “(While) we are busy dividing ourselves, their work continues as usual. Congratulations, Madani!”

On Sept 20, the Education Ministry confirmed it will submit a proposal for the cabinet to review provisions related to the ownership structure of tuition centres.

However, it is unclear if the ministry still intends to submit the proposal on the provision, which it said was detailed in the Private Educational Institutions Policy Book published in 2006, since it has now been abolished.