,The government will need to compensate companies that suffer losses due to the need to meet the 51% Bumiputera equity requirement, former finance minister Lim Guan Eng says. – The Malaysian Insight file pic, September 23, 2021.
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FORMER finance minister Lim Guan Eng said the proposal to enforce the 51% Bumiputera ownership requirement for freight forwarding companies to obtain customs licenses was brought up during his time in office but he had rejected it.
Lim said in a statement today he rejected the proposal on the basis that it cannot be applied retrospectively.