The requirement for 51% bumiputra equity in local freight forwarding companies will only enrich an elite group of cronies and the government must find a new solution that favours all races in Malaysia, said Opposition Leader Anwar Ibrahim.<br /><br />The Port Dickson MP, said that during his speech on the 12th Malaysia Plan in Parliament on Tuesday, adding that the present requirement of 51% bumiputra equity in local freight forwarding companies is flawed as it prioritises those with political influence.<br /><br />Syed Saddiq Syed Abdul Rahman (Independent-Muar) also questioned how the new policy would help those who are poor across Malaysia and criticised the policy as populist.<br /><br />Read more at https://bit.ly/2Zsl0rx<br /><br />WATCH MORE: https://thestartv.com/c/news<br />SUBSCRIBE: https://cutt.ly/TheStar<br />LIKE: https://fb.com/TheStarOnline
