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PM announces slew of liberalisation measures (Update 2)

The Foreign Investment Committee (FIC) guidelines covering the acquisition of equity stakes mergers and takeovers is repealed immediately without any new guideline in noshade size=-1 width=50%>

AirAsia placement to raise RM500mil

KUALA LUMPUR: AirAsia Bhd, which has announced its intention to do a 20% private placement, expects to raise about RM500mil from the exercise.

Fund to invest in high-growth sectors

KUALA LUMPUR: As part of its new economic model approach, the Government will be setting up Ekuiti Nasional Bhd (Ekuinas), a private equity fund to ensure meaningful and effective participation by bumiputras, as well as stimulate investments in sectors with high-growth potential.

New policy to make Malaysian economy more competitive

KUALA LUMPUR: The bumiputra 30% equity objective will now be a macro target as the Government seeks to turn Malaysia into a more competitive economy, said Datuk Seri Najib Tun Razak.

Views on the new measures

DATUK SERI JAMALUDIN IBRAHIM: THE measures illustrate the emphasis given by the Government. They (Government) are putting more meat into the whole drive to propel the country to move forward.

Measures set to spur growth

StarBiz conducted a roundtable discussion with three prominent figures to clarify and get further insight into the latest measures announced by Prime Minister Datuk Seri Najib Tun Razak. The key speaker was Minister in the Prime Minister's Department.

PM: Policies not in line with international practice will constrain growth

KUALA LUMPUR: The Government has announced a series of measures, including slashing bumiputra equity requirements for new initial public offerings and fund management firms, to boost international investment in the country.

Govt to explain Ekuinas to MPs in due course

KUALA LUMPUR: The Government will explain to Parliament in due course the setting up of Ekuiti Nasional Bhd (Ekuinas), said Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop.

Comment on meritocracy and bumiputra quota system

MERITOCRACY, it appears, is going to be the name of the game from now onwards. Only time will tell if we have firmly put the ancient practices of the quota systems behind us.

MCA: Dr M’s remarks not helping racial unity

PETALING JAYA: Tun Dr Mahathir Moha-mad's claim that the Chinese are the masters in the country will not help foster racial harmony, said the MCA.