No really sure if this is any carrot for foreign investors.. but it certainly sounds like more liberalisation towards locals who are non-bumi. But, for those non-bumi who have funds, they already have Alibaba agreement and they're pretty happy with the arrangement.

But the problem here is the new 50% public share spread offer requirement to bumi, which it is still a wrench/spanner in archaic 'racial' based system that we know doesn't work for the past 40 years - just wondering how does the govt intend to regulate this.

For those who hasn't setup shop yet, yeah, big deal, no min 30% equity race-based distribution needed but without more change in bidding/procurement process or doing business with the govt itself, not really sure if it means anything.

AFAIC, Malaysia can continue its 30%/50% equity for all she wants.. because it doesn't matter to the foreign investors or MNCs anymore.

There are other neighboring countries that already have offered better incentives without any kind of restriction.
I am not sure Malaysia still compete with the lower costs (and better technology) already offered by neighboring countries.