The articles, the opinions, the stories and the cartoons, Ovi magazine covers for Tuesday October 12th, 2021.
Malaysia introducing Harsh New Equity Restrictions by Murray Hunter
Malaysian prime minister Ismail Sabri Yaakob announced in parliament, while launching of the 12th Malaysia Plan (MP12), that measures will be put in place to restrict the sale of sales in Bumiputera companies only to Bumiputeras. This effectively reduces the ability of Bumiputera shareholders to make potential capital gains on the sales of shares in their companies, due to the inability to make equity sales to non-Bumiputeras and foreign entities. Bumiputra companies will also be seriously hampered in raising capital through equity sales, due to the restricted market they can sell equity. If implemented, Bumiputra entrepreneurs will also find it difficult to sell their businesses, due to the new equity restrictions.
According to former Pakatan Harapan health minister Dzuilefly Ahmad, who is the MP for Kuala Selangor, many Malay business people are angry over this measure, describing it as “suicidal”, which will kill off the Bumi economy. This latest equity announcement potentially risks creating a two-tiered economy, where Bumiputera companies have draconian equity restrictions placed upon them by the government.
Continue reading HERE!
Our march in time #poem by Bohdan Yuri
Our march in time seems so sublime, yet,
we cannot savor life’s forward climb.
in the darkest corner of any forlorn sight
there lives a demon in the long lost night.
Continue reading HERE!
Fika bonding! 21#16 #cartoon by Thanos Kalamidas
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For more Ovi Cartoons, HERE!
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