Bumiputra businesses will not become “extinct” or lose in competition just because the government has removed the 30% bumiputra equity requirement.
Prime Minister Datuk Seri Najib Tun Razak said bumiputra could still take part in business in a more “open and competitive manner.”
“I can see that bumiputra have the ability to compete with the rest. I am not worried that they will become ‘extinct’ or lose out in competition because of this decision,” he told the Malaysian media at the end of his one-day official visit here Thursday.
Malays can rise to the challenge