KUALA LUMPUR: Malaysia said Wednesday it will liberalize parts of the services sector, removing ownership rules linked to a controversial affirmative action policy for majority Muslim Malays.
Prime Minister Najib Razak, who was sworn in earlier this month, said that 27 sub-sectors would be liberalized “to attract more investments, bring in more professionals and technology as well as strengthen competitiveness.”
The areas targeted for liberalization are in the areas of health and social services, tourism, transport, business services and computer and related services.
Businesses in those service industries will no longer have to be 30-percent owned by “bumiputera”—a term that means “son of the soil” and takes in Malays and indigenous tribes.
The rule is part of the New Economic Policy (NEP), launched after 1969 racial riots, in an effort to narrow the wealth gap between ethnic Chinese—who control the business sector—and Malays, who dominate government.
”The liberalization of the services sector is pursued with the view of creating a conducive business environment to attract investments, technology and to create higher value employment opportunities,” Najib said.
”These efforts are expected to enhance the level of competitiveness of the services sector in the country,” he said in a statement.
— AFP
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
