Cannot allow such a huge industry owned by foreigners. Got chance to buy overpriced IPO and watch it drop on day 1.
30% minimum local ownership in insurance firms!, by june 2018!!
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 Feb 5 2018, 08:46 PM
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Feb 5 2018, 08:49 PM
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QUOTE(KangkungKnight @ Feb 5 2018, 08:46 PM) Does not said have to be bumiputra? 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.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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