PETALING JAYA, 1 July 2009: The government’s economic liberalisation measures are welcome – as long as they don’t get strangled by red tape, politicians from across the divide and think tanks said today. These individuals and groups supported the removal of the 30% bumiputera shareholder quota for publicly listed companies, the increase in foreign shareholding […]
liberalisation
Anwar: Liberalisation measures not “comprehensive”
KUALA LUMPUR, 30 June 2009: Measures to liberalise the economy that were announced today are positive, but do not address issues of governance or affirmative action, said Opposition Leader Datuk Seri Anwar Ibrahim. “These measures, supposedly to attract foreign investors, are good but not [comprehensive],” Anwar told a press conference in Parliament today. “They must […]
Mukhriz: NEP will continue to be given focus
KUALA LUMPUR, 29 April 2009: There is no reason for bumiputera to worry as the New Economic Policy (NEP) will continue to be given focus by the government despite the liberalisation of 27 services sub-sectors recently. “We should not be unduly concerned that our policies like the NEP will be slowly loosened up,” Deputy Minister […]
Equity limit for investment, Islamic banks raised
PUTRAJAYA, 27 April 2009: Prime Minister Datuk Seri Najib Razak today announced a significant package of measures to liberalise the financial sector including raising the equity in investment and Islamic banks, and insurance and Takaful firms to 70%. Other measures include issuing nine new licenses to foreign participation in both conventional and Islamic banking. Najib, […]
Liberalisation move raises questions
By Dr Syed Husin AliPRIME MINISTER Datuk Seri Najib Razak’s announcement on the moves to liberalise the 27 services sub-sectors raise a number of basic questions. Firstly, what does he really mean by “liberalisation”? Is it merely confined to the lifting of 30% bumiputera equity? What are the efforts for socioeconomic upliftment of the poor and marginalised from all ethnic groups? In […]
M’sia liberalises 27 service sub-sectors
PUTRAJAYA, 22 April 2009: The government has liberalised with immediate effect 27 service sub-sectors with no 30% bumiputera equity condition imposed on health and social services, tourism, transport, business, computer and related services. Prime Minister Datuk Seri Najib Razak said today the government would be progressively liberalising the other service sub-sectors on an on-going basis. […]
