30% minimum local ownership in insurance firms!, by june 2018!!
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 Feb 5 2018, 08:46 PM
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#1
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Does not said have to be bumiputra?
We all know foreign corporate and GLCs still have to have more than 1/3 of their workforce as bumiputra but this article does not imply as much. Maybe it is, maybe it isn't. |
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Feb 5 2018, 08:51 PM
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#2
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QUOTE(wotvr @ Feb 5 2018, 08:49 PM) Nothing to do with bumiputera. It's a regulatory thing. It happens in western countries too. There are regulations abroad on ownership of media and telecommunications industry by foreigners in the U.S. for example. I know.  But other posters imply otherwise and I was somewhat responding to them in general. |
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Feb 5 2018, 08:53 PM
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#3
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QUOTE(PrincZe @ Feb 5 2018, 08:50 PM) dont understand. mean insurance must hire local worker or local malaysian should own the shares? It means their Malaysian franchises must have 30% of their stocks owned by Malaysians.In reality, it means they must sell 1/3 of their stocks to a local holding company or throw an equivalent amount of their stock into our local stock exchange to be traded. |
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