In Malaysia, the government has favored indigenous groups for decades by means of setting a minimum amount of shares that have to be held by Malays or other indigenous groups, being 30% for most service-sector companies. Now, Malaysia’s Prime Minister Najib Razak is planning to get rid of these quotas, which were imposed by his father in the 1970s. It appears that the economic crisis has forced Razak to take measures more quickly to try and counter the negative growth the country has been forecasted to experience with an expansion of the service-sector which still has a lot of potential.
Dimitri Martens
Source: The Economist
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