Saddiq questions why M'sian equity holders punished for not being born Malay

PARLIAMENT | A lawmaker has questioned why the government's plan to increase bumiputera equity ownership is at the expense of other Malaysians.

Citing figures where 45.5 percent of equity is foreign-owned, Syed Saddiq Syed Abdul Rahman (Independent-Muar) said it was unjust to take away equity from non-bumiputeras.

This is as foreign-owned companies are also given bumiputera equity exemptions, he said.

"The government's solution (to increase bumiputera equity) is to take equity from non-bumiputera Malaysians, and to...