51% Bumiputera ownership requirement for freight forwarders may create cronyism

[superadmin]

51% Bumiputera ownership requirement for freight forwarders may create cronyism: Pulai MP

KUALA LUMPUR – Bumiputera ownership requirement for freight forwarding companies may create domination and cronyism within the freight industry, said Pulai MP Datuk Seri Salahuddin Ayub.

The Amanah lawmaker’s comments come after a letter by the Federation of Malaysian Freight Forwarders (FMFF) to the government seeking a clarification of Bumiputera equity requirements which was sighted on the internet.

“Following what FMFF has said, freight companies will find it difficult to comply if the government requires them to have 51% Bumiputera ownership,” Salahuddin said in a statement.

He questioned the rationalisation of such a requirement, adding it is both unfair and biased.

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