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Malaysia may lift Bumiputra Rule

07/01/09 07:34

Prime Minister Najib Razak may revoke the Bumiputra rule when it announces business liberalization measures today.

The Bumiputra Rule, which gives 30% business equity to ethnic Malays, has long been criticized as a hindrance to further growth and a reason for corruption in this South East Asian country.

Razak hopes to effectively put more measures that will boost investment in the country.

News: Malaysia may lift 30 pct company ownership rule-paper -

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