Its women's wing chief, Kho Teck Wan, asked if the requirement under the New Economic Policy, which was introduced in 1971, was still relevant in current times.
Kho said since the beginning of last year, logistics companies had been facing a very challenging time in the global supply chain crisis due to the Covid-19 pandemic. "No entrepreneur in the world, bumiputra or not, wants to build a business just to sell 51% ownership and become a minority shareholder, especially if the company is a family-owned business that is built over a few generations," she said.
When mediocrity rules and is being promoted?
UMNO is PM
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