No bumi quota, but ...
Husna Yusop
KUALA LUMPUR (March 22, 2007): Foreign investors in selected zones and sectors within Johor’s Iskandar Development Region will be exempted from the Foreign Investment Committee rules, which include the 30% bumiputra equity participation requirement.
In an announcement that drew immediate approval from various quarters, Prime Minister Datuk Seri Abdullah Ahmad Badawi said qualified companies were also free to source capital globally and to employ foreigners within the approved zones.
tunku : good bye bumis, no special privileges in IDR, singapore is very happy, the straits time wrote : Latest News
KL throws Johor project wide open to foreigners. yea lets buy out johor.
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