Dispute over bumiputera equity rule cancellation in private education
What happened
The 30 percent bumiputera equity ownership requirement for private limited companies operating private educational institutions, including tuition centers, was abolished. Education groups have demanded clarity regarding this change. The Investment, Trade and Industry Ministry denied involvement in revoking the 20-year-old rule, despite the Education Ministry claiming the cancellation followed inter-ministerial discussions.
From malaysiakini.com
Why it matters
Education groups have urged the government to clarify the details surrounding the abolition of the equity rule. The Malaysia Teachers' Empowerment Society stated that the uncertainty arising from the differing accounts between the ministries has cast doubt on the Education Ministry’s move to rescind the rule.
The Ministry of Education and Higher Education has recently launched a new fees policy for private schools.
From malaysiakini.com