Abdul Rahman Suliman says bumiputra ownership should be 60%

Quizzed by opposition MPs, Deputy Minister in the Prime Minister’s Department Datuk Abdul Raman Suliman said based on the composition of bumiputra in the country, the objective of the bumiputra equity ownership should be 60%.

Thus, he said the 30% bumiputra equity ownership objective set under the New Economic Policy (NEP) should not be questioned.

“The 30% is the minimum objective. If we follow the racial composition, it has to be 60%. If we want to look at this emotionally, then we (bumiputra) are also not satisfied,” he said.

Source: The Sun

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Bumiputras own 36% of listed companies

Bumiputras own about 36% of shareholding value in companies listed on the main board and second board of Bursa Malaysia as at Dec 31 last year. 

“According to the breakdown of shareholders based on the values of shares in the listed companies of the main board and the second board of Bursa as at Dec 31, 2005, bumiputras owned RM78.4bil (worth) of shares or 36.64%,” Deputy Finance Minister Datuk Dr Awang Adek Hussin said.  

Dr Awang Adek said the total value of shares of Bursa was RM214bil, and non-bumiputras held 46.91% of shares worth RM100.4bil. 

“The remaining 16.45% of the shares or RM35.2bil were owned by foreigners,” he added. 

Dr Awang Adek revealed the figures while answering Tengku Razaleigh Tengku Hamzah (BN – Gua Musang) during question time. 

Dr Awang Adek also said that based on records from the Companies Commission of Malaysia, Malays controlled 172,568 of the 717,935 registered companies, and owned more than 50.1% of shares in the companies. 

However, he said that according to the listed companies’ annual report received by Bursa last year, Malays owned 186 public listed companies out of the 912 companies that were listed on the main board and the second board. 

Source: The Star

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