Grabbing 51% stake in local freight forwarders will erode business confidence

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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.

READ MORE:  Who should replace Maszlee as education minister?
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Ray of Light

Dedicate to all readers of Anilnetto.com. Nothing else matters as long we have the means to live in good health and peacefully in Bolehland NOTHING ELSE MATTERS So close, no matter how far Couldn′t be much more from the heart Forever trusting who we are And nothing else matters Never opened myself this way Life is ours, we live it our way All these words, I don’t just say And nothing else matters Trust I seek and I find in you Every day for us something new Open mind for a different view And nothing else matters Never cared for… Read more »

Ray of Light

https://www.freemalaysiatoday.com/category/leisure/2021/10/20/lyia-meta-snubbed-in-malaysia-singing-star-in-the-us/

#KeluargaMalaysia should be inclusive of Melaka Portugese singer who could bring recognition to Malaysia although they may not sing Bahasa but Country songs in Texas USA.

Tourism Malaysia has no fund as reason (RM60k should be no big deal) not to sponsor them.

Melaka Portugese voters must be aware of this sideline.

Saidin

She should be given the airtime on TV as much as we see Jaclyn Victor!

shriek

malaysia in un human rights council and one seeking human rights in down under

https://www.freemalaysiatoday.com/category/nation/2021/10/18/nur-sajat-arrives-in-australia-seeking-political-asylum/

Alive
Alive

The Crying Game, not Squid Game, is trending in Malaysia:

Alive

Bumiputera’s wealth shipped offshore, so bumiputera’s equity can never meet the 30% target? Pandora Papers may provide the answer?

https://www.malaysia-chronicle.com/?p=210954

glissantia

Rafidah was in charge of the hand-outs for a long time. She will have the details.

Alive

Fyi – Competing systems of power in America

The legacy of the Obama/Biden administration and how it lead to the election of Donald Trump.

Ray of Light

Rafidah is the queen of AP, a program to enrich with no need to work hard no wonder little progress to excel until now ftom the proclaimed the entitled ones.

glissantia

Syed Sadiq has told us that even MPs still get APs. However, this is a small part of the story. For 4 decades, enormous amounts of wealth were dished out by way of IPOs and compulsory 30%. The IPO shares had no restriction on sale.

Alive

Rafidah emphasised that Malaysia is a multiracial and multi-faith society, and none should feel entitled to dictate what others regard as acceptable to their race or religion.

“No one can impose his or her faith on anyone else and regard himself or herself as the keeper of the next person.

“Just practice one’s religion to the best of one’s ability and follow the tenets of the religion one professes.

https://www.malaysia-chronicle.com/?p=211513

Alive

Rafidah: How Long Are We Going to Use Crutches?

shriek

according to teh susu, they are in power and do as long as they like. The longest day

Esme
shriek

The news reported all over the world. Of course, some earned by hard work and but is the Revenue and Income Tax Office orso be hard working?

https://au.yahoo.com/finance/news/pandora-papers-everyone-named-so-far-003222657.html

Esme

Malaysia now got VIP criminal

Saidin

Already found guilty of corruption yet can still campaign in Melaka state election! Tak Malu betul! Why Malays want such boss?

Alive

UAE To Invest $32.7 Billion in Indonesia after Jokowi’s Visit – But Zero Investment For Malaysia despite Visits By Muhyiddin, Azmin & The King

https://www.malaysia-chronicle.com/?p=211952

Alive

WHEN A MALAY MINISTER HIMSELF ADMITS BUMI BUSINESSES ONLY CONTRIBUTE LESS THAN 10% OF GDP – AND YET THE PM SAYS BUMI CORPORATES HOLD 17% OF SHARE MARKET – THEN SOMETHING IS TERRIBLY WRONG – BUT SAD TO SAY, DESPITE 51 YEARS OF CATCH-UP MALAYS THEMSELVES DON’T SEEM TO MIND THEIR LEADERS ARE DOING NOTHING TO PROGRESS THEIR RACE & PROGENY – OTHER THAN DISTRIBUTE HANDOUT AFTER HANDOUT

https://www.malaysia-chronicle.com/?p=211802

Esme

The Man Behind the World’s Biggest Financial Fraud

https://m.youtube.com/watch?v=FmGNya0j8d4&feature=youtu.be

Somehow the Man behind the Man Behind the Fraud could soon be walking free?

Esme

“Teraju cannot be trying to take 51% here and 30% there (to help the Bumiputera). It should help by teaching them how to stand on their own two feet in the global market,” the Bintulu MP Tiong King Sing told the Dewan Rakyat during the 2022 Supply Bill debate today. He said the government cannot spoon-feed the Bumiputera forever and should aim to make them 100% owners rather than just 51%.

https://www.malaysia-chronicle.com/?p=211765

Esme

EPF: Mere 3pc of Malaysians can afford retirement

By the end of this year, 54 per cent of EPF members aged 54 would have less than RM50,000 in their savings account, noting that a majority of those who withdrew their entire EPF savings upon reaching age 55 would use it up within two to three years.

https://www.malaymail.com/news/malaysia/2021/10/31/epf-mere-3pc-of-malaysians-can-afford-retirement/2017420

Esme

POPULAR Bookstore At Komtar, Penang To Close Down After 30 Years.

https://penangfoodie.com/popular-komtar-penang-closing/

Shopee and Lazada have accelerated the early demise, with or without Covid? Or because of no demand for assessment books after no UPSR and PMR?

Esme

Former Melaka chief minister Idris Haron says the state would be better off under a multiracial and clean administration rather than a Malay-Muslim state government that was corrupt and incompetent.

https://www.freemalaysiatoday.com/category/nation/2021/10/26/better-a-clean-multiracial-govt-than-a-corrupt-malay-muslim-one-says-idris/

Esme

If we were to remove race-based politics, Malaysia would progress and prosper. Read this:
https://www.malaysia-chronicle.com/?p=211626

Esme

Aura Bossku has eclipsed ‘Keluarga Malaysia’ Ismail’s influence?

PM9 gets triple threat from Bossku Ajibkor, Zahid and Tok Mat within Umno, as Ku Li has retreated into oblivion? Will PM9 still count on Mahiadin?

Alive

Government to impose a 2% transaction tax on property deals, split equally between buyer and seller?

https://www.themalaysianinsight.com/s/346705

Alive

Heard of the Hokkien sayings:
“La Sap Chiak, La Sap Tua?”

At least it boost your immunity system.

Alive

Parti Sosialis Malaysia (PSM) to join force with Parti Kuasa Rakyat?

PSM chairman Dr Michael Jeyakumart said both parties shared similar ideals.

https://www.freemalaysiatoday.com/category/nation/2021/10/20/give-kuasa-a-chance-to-prove-itself-says-psm/

Possibly an indirect way for PSM to join Keluarga Malaysia?

Ray of Light

Aliran shares very similar ideals as PSM, and Anil can be part of #KeluargaMalalaysia if baed on such logic.

Alive

Ulama dan umara tidak boleh memejamkan mata, memekakkan telinga dan membisu terhadap perbuatan rasuah, titah Timbalan Yang di-Pertuan Agong, Sultan Nazrin Muizzuddin Shah.

https://malaysiadateline.com/sultan-nazrin-ingatkan-ulama-umara-usah-pejam-mata-terhadap-rasuah/

Alive

Sure lose confidence in MACC, after reading this article:

https://www.malaysia-chronicle.com/?p=211455

Hakimi Abdul Jabar

Corruption, abuses of power, kleptocracy etc. impact human rights. Hence, the exercise of our fundamental liberties etc. to eradicate such crimes etc. are corollary to our human rights which are not incompatible with the Federal Constitution.

Suhakam Commissioners such as Datuk Mah Weng Kwai & Datuk Hishamuddin Yunus being retired Apellate Judges would agree.

The exercise of such human rights under the laws are not restrained by Art. 3(1) as lucidly decided by the then Supreme Court in Che Omar Che Soh.

https://www.unodc.org/e4j/en/anti-corruption/module-7/key-issues/impact-of-corruption-on-specific-human-rights.html

Esme

Umno supreme council member Tajuddin wants new bumi economic policy that’s not based on handouts, setuju tak?

https://m.malaysiakini.com/news/597804

Hakimi Abdul Jabar

CSOs & UNGASS Against Corruption 2021

UNGASS 2021 closes highlighting urgent need to fight corruption to save the environment; spotlights whistleblower protection and role of civil society.

As members of Civil Society Organizations, we are MANDATED by the UNGA itself to tackle CORRUPTION ETC. by all means NECESSARY to ensure its elimination etc.

Saidin

You seem to be interested in corruption matters, care to comment on Bossku corruption?

Hakimi Abdul Jabar

When member states of the UN through an UNGA Special Session have taken note that democratizing processes such as asset declarations which have been adopted in a sweeping Political Declaration with blueprints to help countries tackle bribery, money‑laundering, abuse of power and a raft of related crimes, only criminals and useless bums being the self-interested, self-serving & self-seeking imbeciles use lame moronic excuses to delay the inevitable. Mexico, Indonesia & Georgia as examples are thriving democracies. Such desperation from a moron of extreme imbecility knows no bounds. Even the EU & Council of Europe Action against Economic Crime have provided… Read more »

Alive

Lim Guan Eng ready to testify in court over Bumi equity rule on freight forwarders.

https://www.themalaysianinsight.com/s/345876

He says when he was finance minister, the Customs Department had issued a letter stating that existing freight forwarders were exempted from complying with the 51% Bumiputera equity rule.

shriek

teh susu and uncle wyatt

Malaysia boleh! Get a seat not in HUMAN WRONG and HUMAN RIGHT. Now with power. What will PN and DUMNo gomen do LOcally and OVER the sea INTERNATIONALLY

Alive

Malaysia’s export is “Malau” aka migrant workers to Australia, besides Singapore?

https://www.freemalaysiatoday.com/category/nation/2021/10/16/dont-ban-aussie-farm-visas-raise-wages-in-malaysia-govt-told/