Malaysia repeals 30% equity requirement for ethnic firms

ASEAN UPDATES

INDUSTRY UPDATES

ASEAN STOCKS

ASEAN ANALYSIS

FEATURES

PHRA MONGKOL THEPMUNI
(Luang Phor Sodh Candasaro)

ASEAN INDICES

September 3, 2010

Market

Indices

Change

IDX

3,120.02

38.14

KLCI

1,433.06

-8.01

PSEi*

3,666.54

73.13

SGX

7.56

0.03

SET

929.67

9.13

Source : Relevant bourses
Note : * 31 August 2010

CURRENCY EXCHANGE

September 3,2010

Currency	US$	Euro
Singapore $
	1.32	1.69
Thai Baht **
	31.44	39.90
Malaysia Ringgit
	3.12	4.00
Indonesia Rupiah
	9,057.00	11,622.85
Philippines Peso*
	45.31	57.46

Source:Relevant central banks
Note: ** 31 August , *1 September 2010

ASEAN ROUND UP

ASEAN PROFILES

ASEAN KEY DESTINATIONS

TradeBoss.com is an international B2B Marketplace and import export portal focusing on Asian Companies including Chinese Manufacturers, Chinese Exporters and Chinese Wholesalers as well as other copuntry specific B2B Marketplaces.

TradeKey.com - A B2B Companies portal to connect worldwide Buyers with Suppliers, Wholesalers and Distributors

Reader's Comment on www.aseanaffairs.com
Suggestions for aseanaffairs.com
What exactly is solar power? Solar energy is radiant energy that's produced by the sun. More

Home >> Daily News >> Malaysia News >> Economy >> Malaysia repeals 30% equity requirement for ethnic firms

NEWS UPDATES

1 July 2009

Malaysia repeals 30% equity requirement for ethnic firms

May 29, 2009
Malaysia’s economy may contract 5%

April 16, 1009
Malaysia economy seen shrinking 2.2% in 2009

March 16, 2009
Malaysia reduces number of foreign workers

Malaysian government has done away with the 30% quota requirement for bumiputra, or ethnic Malay, companies seeking to list on the Bursa Malaysia as part of an overhaul of economic policies, local daily the Star reported.

Prime Minister Najib Razak said upon taking office in April that there was a need for a new economic model, .

He said the Foreign Investment Committee (FIC) would effectively “no longer exist” as it had failed to achieve its objectives.

The emphasis, he said, will now be on participation instead of equity, Najib also announced the setting up of Ekutinas (Ekuiti Nasional Bhd), a private equity fund to make strategic investments for bumiputras, especially in companies with high-growth potential.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1-Trillion Market

We are the Voice of Southeast Asia	Media Kit
The only Media Dedicated to Southeast Asia	Advertising Rates for Magazine
	Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.

Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

submit your comment in the box below

Name*

Email*