The problem with these policies is they are stuck in a primitive Malaysia centric bumi vs non bumi mentality for a share of the local pie. The world has moved on from the 1970s today the competition is against Indonesia, the Philippines, Cambodia and many other countries for a share of the global pie. If bumi companies can’t even compete with local companies what chance do they have on a global stage, and the modern economy requires you to compete globally. That’s why these policies will always end in failure.
The elusive 30% Bumi equity is a statistical, charade
Sep 30 2021, 01:36 PM
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