Abolish Bumi's 30% call. New NGO Perkasa wants the PM to sack new MCA vice president Liow Tiong Lai for his call to abolish the 30 per cent Bumi corporate equity. Perkasa info chief Ruhanie Ahmad, in a press release made available on his blog here, described Liow's call as "extremist".
Liow had reportedly said that the condition for 30 per cent Bumiputera equity in public-listed companies should be abolised in order for them to remain competitive. The Health Minister was also quoted as saying that the 30 per cent target set was a hindrance to the creation of true partnership between Malay, Chinese and Indian businessmen in the country.
Dr Mahathir has said that it is not the time yet to abolish the 30 per cent equity, here.