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The Foreign Investment Committee (FIC) guidelines covering the acquisition of equity stakes mergers and takeovers is repealed immediately without any new guideline in place.hr noshade size=-1 width=50%>
KUALA LUMPUR: AirAsia Bhd, which has announced its intention to do a 20% private placement, expects to raise about RM500mil from the exercise.
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.
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.
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.
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.
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.
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.
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.
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.