‘Bumiputra share quota a bad move’


  • Nation
  • Monday, 01 Apr 2019

Right step: Dr Wee (blue shirt) and MCA vice president Datuk Mah Hang Soon (red shirt, yellow logo) greeting supporters at the site of the training centre in Buntong, Perak.

PETALING JAYA: Any move by the government to reinstate the 30% bumiputra shareholding quota in listed companies will cause the local share market to plunge further, says Datuk Seri Dr Wee Ka Siong.

The MCA president said the policy, if introduced, could accelerate the outflow of foreign investments because new stock market listings were at an “all- time low”.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Over 3,000 compounds were issued during Ops Hari Raya Aidilfitri in Melaka
MCA and Fujian to forge stronger ties for mutual prosperity
US academician's claim visiting Malaysia refuted by travel advisory
Fahmi shares moment 'Gol & Gincu' met 'Litar & Lumba'
A HEART for deserving cases: Private teaching hospital teams with Health Ministry on affordable healthcare
Motorcyclist sheltering from rain dies after being hit by SUV in Papar
Kulai Municipal Council president highlights district's potential for industrial development
KKB by-election: MCA staying out won't affect unity govt's machinery, says Fahmi
Warisan reps never received any allocations, says Shafie
MOU on allocation to Opposition MPs stresses economic development, people's well-being, says Fadillah

Others Also Read