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MoF extends deadline on bumiputera equity requirement

Summary by Ground News
The exemption period for freight forwarders to meet the requirement of 51 per cent Bumiputera equity participation until December 2022. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said this was to allow a study to be carried out. He explained that the findings of the study would be tabled to the Cabinet to ensure the industry’s continued growth.

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New Strait TimesNew Strait Times

MoF extends deadline on bumiputera equity requirement

KUALA LUMPUR: The Finance Ministry (MoF) has recently extended, for the second time, the exemption period for freight forwarders to meet the requirement of 51 per cent Bumiputera equity participation until December 2022.

·Malaysia
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Malay MailMalay Mail

Freight forwarders given till Dec 2022 to meet Bumiputera equity requirement, says finance minister

KUALA LUMPUR, Sept 28 — The Ministry of Finance (MoF) has recently extended, for the second time, the exemption period for freight forwarders to meet the requirement of 51 per cent Bumiputera equity participation until December 2022. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said...

·Selangor, Malaysia
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The Star Kuala LumpurThe Star Kuala Lumpur

Teraju to study 51% bumiputra equity in local freight forwarding companies, says Finance Minister

KUALA LUMPUR: The Bumiputera Agenda Steering Unit (Teraju) is conducting a study with regard to the issue of 51% bumiputra equity in local freight forwarding companies, Tengku Datuk Seri Zafrul Abdul Aziz told the Dewan Rakyat.

·Malaysia
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The VibesThe Vibes

51% Bumi ownership of freight forwarders: govt unable to devise long-term solution, Dewan told

KUALA LUMPUR – Putrajaya is unable to come up with a long-term solution to resolve the issue of enforcement of 51% Bumiputera ownership of freight forwarding co...

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The Vibes broke the news in on Tuesday, September 28, 2021.
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