PETALING JAYA: An association of freight forwarders has urged the government to clarify its position on Bumiputera equity in logistics companies, with only months left before an end-of-year deadline.

In a letter dated Sept 18 to the government, Chua said the finance ministry had stated in January that all Customs brokerage licence holders must comply with Bumiputera equity requirements, but did not set any figure.

“It is already September 2021 and the deadline to comply is Dec 31,” he said in his letter to the international trade and industry ministry.

“Selling 51% of the business also means that the present owner can no longer control and run his business. If we can’t find Bumiputeras to actually invest in the companies before the Dec 31 deadline, it means that all the logistics companies with Customs brokerage licenses would close down,” he said.

Licences registered before 1976 do not have a Bumiputera equity requirement, while a 30% quota is imposed on those registered between 1976 and 1990, and a 51% Bumiputera requirement for licences registered after 1990. No Bumiputera equity is required for licenses held by integrated international logistics services providers.

https://www.freemalaysiatoday.com/category/...bumiputera-rule

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TLDR: Freight forwarding companies must have Bumi equity but never specify how much. No Bumi equity = No License renewal. So easy for Bumi to buy stakes

Who knows maybe in 2025 glove companies must have 51% bumi equity too. Messiahword requesting your expertise.

This post has been edited by trojandude: Sep 23 2021, 02:50 AM

So easy in taking

waiting for the racist bitches to plotek plotek

BUMI INI MILIK SIAPA?!

lol... tongkat, jangan tak tongkat

nons build their companies from scratch, then the prince just come and take it as they like... WOOHOO!

wtf.. damn this country really going into the gutter

why lge didnt say anything

Sounds good to the people only, but only benefits the rich crony. Pipit gets nothing.

wonder who the PM at this time

why not inlcude this on top.


so najib the good guy /s

This post has been edited by zacky chan: Sep 23 2021, 08:26 AM

Gov like pirates ..lol

This is Malaysia. There is nothing else to say. Last time I comment on something similar so many butthurt report me until I went ghost.

Ironically, earth prince hate CCP and their policies so much but mimicking what CCP is doing.

Do they actually think that the bumis will actually pay for their equities? It will be alibaba again, Lend me your name and I will give you a monthly gaji buta.

If Bumi quota really can bring up economy, we are getting MYR1 = SGD 3 by now.
Shit happen when pirates are running the country.

30% to 50%...later 50% to 100% like they did to Robert kuok

This post has been edited by mois: Sep 23 2021, 05:37 AM

Totally possible

If I'm not mistaken, car importers or AP holders must be 100% Bumiputera. That's what they say here at least https://automacha.com/approved-permits-for-...-big-issue-now/

This post has been edited by trojandude: Sep 23 2021, 05:42 AM

“Selling 51% of the business also means that the present owner can no longer control and run his business. If we can’t find Bumiputeras to actually invest in the companies before the Dec 31 deadline, it means that all the logistics companies with Customs brokerage licenses would close down,” he said.

who want to lose 51% of your company?
if 40% maybe ok lar.
51% is like give away your company.

Its never ok to begin with. Why the heck govt must enrich certain ppl with racist policies and forcefully grant them free ownership when they have zero contribution towards company?

rubbish country

Ke arah negara komunis?