MCA, Gerakan & SUPP lied, implying Guan Eng implemented 51% bumi equity ruling

Press Statement By DAP Secretary-General And MP For Bagan Lim Guan Eng In Kuala Lumpur On 28.9.2021:

Finance minister Tengku Zafrul Aziz has confirmed in Parliament today that the requirement for existing freight forwarding companies and International Integrated Logistic Services (IILS) to forcibly sell off their shares to increase the equity ownership to 51% bumi was not announced in 2018. This proves that MCA, Gerakan and SUPP lied by implying that I had implemented this ruling during my tenure as Finance Minister from 2018 to early 2020.

On the contrary I had rejected the proposal to retrospectively increase the 51% bumi equity ruling for existing freight forwarding companies that were given licenses before 1990. It is unfair to force owners to give up control of their freight forwarding companies after operating their business for decades, practicing double-standards in that only locally-owned IILS, and not foreign-owned, are subjected to such a ruling as well as unconstitutional in trying to apply the rules retrospectively.

Previously, no Bumiputera equity was required for licences held by integrated international logistics service(IILS) providers. However local IILS are required to give up control and have 51% bumi equity but not foreign-owned IILS. This is grossly unfair. For freight forwarding firms registered before 1976 are not required to have any Bumiputera equity, while a 30% quota was imposed on those registered between 1976 and 1990. The 51% Bumiputera equity requirement applies for firms registered after 1990.

Would the government, especially MCA, SUPP and Gerakan have the courage to revert to the position I had taken that logistic companies formed before 1990 should not be forced to sell their shares and give up control to comply with the 51% bumi equity ruling?

LIM GUAN ENG


民主行动党秘书长兼峇眼区国会议员林冠英于2021年9月28日在吉隆坡发表文告:

财政部长东姑扎夫鲁今日在国会证实,有关货运代理公司和持有国际综合物流服务(IILS)执照的本地公司需强行出售其股份,以将土著股权增加至51%的要求,并非制定于2018年。这也证明了马华、民政党和砂拉越人民联合党正在撒谎,他们暗示是我在2018年至2020年初担任财政部长期间时,实施这项条规。

相反的,我当时拒绝了对在1990年之前获得执照的货运代理公司,追溯增加51%土著股权的建议。强迫已经经营公司几十年的业者放弃对货运代理公司的控制,是不公平的做法。而且,只有本地的IILS执照持有者才需遵守这项条规,反观外国业者则不受约束,体现了政府的双重标准。此外,试图使条规具追溯效力,是违宪的做法。

此前,IILS执照并不必有任何土著持股。然而,本地的IILS却需放弃控制权,要有51%土著持股,反观外国业者则不受影响,这是非常不公平的。此外,在1976年之前注册的执照不必有土著持股,而在1976年至1990年之间注册的执照,则需有30%土著持股。至于1990年之后注册的执照,则需有51%土著持股。

现任政府,特别是马华、人联党和民政党,是否有勇气采取跟我一样的立场,即不应强迫在1990年之前成立的货运代理公司出售其股份和放弃控制权,以遵守51%土著持股的决定?

林冠英

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