Have you read Aliran’s media statement on this? How will this move affect business confidence?
Aliran calls on the government to drop – instead of merely deferring – its requirement that local logistics and freight forwarding firms must have 51% bumiputera equity interest.
If the government enforces this requirement from 2023, it would be a gross injustice to the owners of these companies. They would have toiled over the years to build their firms, only to have their controlling interest in their firms snatched away from them and handed over to others on a silver platter.
Federation of Malaysian Freight Forwarders president Alvin Chua was reported to have said that 80% of the freight forwarding companies with Customs Department brokerage licences are already bumiputera companies. If that is so, why the need to impose the 51% bumiputera equity requirement on the remaining 20% of firms? Full statement on the Aliran website
If you are me, the best way to empower and uplift low-income Malaysians of all ethnic groups is to start from the bottom up in education. Improve the standard of nurseries, kindergartens, primary schools, colleges (both technical and non-technical) and universities. For that, we need to get the best teachers, tutors and lecturers from all ethnic groups. Help all those who need help, without discrimination. There are no short-cuts.