KUALA LUMPUR, 30 June 2009: Foreign shareholding limits in existing stockbroking companies will be increased to 70% from the current 49% in efforts to further enhance Malaysia’s position as a listing and investment destination, Prime Minister Datuk Seri Najib Razak announced here today. He also announced that with immediate effect, the Foreign Investment Committee (FIC) [...]

KUALA LUMPUR, 27 April 2009: Though it has been only three weeks since he took office as Malaysia’s sixth prime minister, Datuk Seri Najib Razak has been busy crafting out reforms, especially in relation to the economy. In a short spate of time, he has revised several policies and announced the liberalisation of some sectors [...]

PUTRAJAYA, 27 April 2009: Prime Minister Datuk Seri Najib Razak today announced a significant package of measures to liberalise the financial sector including raising the equity in investment and Islamic banks, and insurance and Takaful firms to 70%. Other measures include issuing nine new licenses to foreign participation in both conventional and Islamic banking. Najib, [...]

KUALA LUMPUR, 5 Feb 2009: Several pressing issues affecting the Indian Malaysian community, including their equity participation, are likely to be addressed at the second meeting of the Cabinet Committee for the Development of Indians on 23 Feb, said MIC president Datuk Seri S Samy Vellu today. He said the committee, chaired by Deputy Prime [...]

KUALA LUMPUR, 5 Nov 2008: A comprehensive database is to be developed at the end of the Ninth Malaysia Plan to monitor the progress of bumiputeras in the corporate sector, Prime Minister Datuk Seri Abdullah Ahmad Badawi said today. He told the Dewan Rakyat the database, aimed at updating government data, was expected to provide [...]