Freight forwarders call for clarity on 51% Bumi, Bumi equity 0% -> 30% -> 51%
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 Sep 25 2021, 05:46 PM
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9,692 posts Joined: Jan 2003 From: Mongrel Isle 
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QUOTE(trojandude @ Sep 23 2021, 02:45 AM) 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. This is a pure racist policy. |
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Sep 25 2021, 05:46 PM
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#2
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VIP
9,692 posts Joined: Jan 2003 From: Mongrel Isle
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QUOTE(trojandude @ Sep 23 2021, 02:45 AM) 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. This is a pure racist policy. |
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