Wednesday, November 01, 2006
Bumi equity hit NEP target 10 years ago
Beh Lih Yi
Nov 1, 06 6:29pm
A university research paper has found that the 30 percent bumiputera equity ownership as targeted under the government’s New Economic Policy had been achieved about a decade ago.
The research, done by Universiti Malaya academician Dr M Fazilah Abdul Samad, was based on a 10-year analysis of bumiputera equity ownership between 1988 and 1997 of public listed companies on the Kuala Lumpur Stock Exchange (KLSE), now called Bursa Malaysia.
It found the 30 percent bumiputera equity ownership target was reached in 1997 when it hit 33.7 percent.
YOu can read more about it on Malaysiakini's site.
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Posted by What A Lulu at 7:51 p.m.