Unfair for freight companies to be subjected to 51% bumi equity, says Warisan

KOTA KINABALU: Local companies should not be subjected to the 51% bumiputra equity ruling in the freight forwarding business as it is among the areas liberalised under the Free Trade Agreement (FTA), says Datuk Seri Mohd Shafie Apdal.

The Parti Warisan Sabah president said the requirement, set to take effect in December 2022, was not fair to local freight companies as foreign companies were free to operate without restrictions.