MCA, Gerakan, SUPP are liars, says Guan Eng over Bumi equity policy

Ravin Palanisamy

Lim Guan Eng today branded MCA, Gerakan and SUPP as liars in accusing him of implementing the 51% Bumiputera ownership requirement for freight forwarding companies during his tenure as finance minister. – The Malaysian Insight file pic, September 28, 2021.

FORMER finance minister Guan Eng has launched a scathing attack against MCA, Gerakan and the Sarawak United Peoples’ Party (SUPP) for accusing him of implementing the 51% Bumiputera ownership requirement for freight forwarding companies. 

This comes after Finance Minister Tengku Zafrul Tengku Abdul Aziz said in Parliament today that the issue was not new as the policy had been decided in 2015.  

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.


  • Bumi equity is non negotiable. It is the very bedrock of shared prosperity. Chinese migrants who choose to make Malaysia their country by citizenship should be very aware of it. Freight forwarding is the natural business of local natives. The Malays have been trading even before Melaka times. There are many sectors reserved 100% for ethnic Chinese like pig rearing. Gambling 4 D even increased by Zafrul for his Chinese by 22 SPECIAL DRAWs. Now gambling is forbidden for Malays but
    Sometime we can see in the kampung Chinese coffee shops with waiters carrying betting slips to help
    buy the 4D tickets. So the money from the Malays flow 100% to the ethnic Chinese.
    Shared Prosperity is not an empty manifesto of the PN government. Now they have been given the mandate the government will have to implement the law of the country. Shared prosperity with 49% for the Chinese and Tamils are very generous. So the Chinese should stop thinking the glass is 51% empty but rather half full and be thankful for the 49%.Nobody forced anyone to apply for licenses or go to go into forwarding. Pig rearing and gambling or pork restaurants are fully 100% for the Chinese. So are wine business and Casinos gambling. Casino business is 100% owned by Chinese and Tamils. Another example of UMNO generosity is when AirAsia was given FREE by UMNO Presiden Tun Dr Mahathir .

    Posted 3 weeks ago by Shirap Kelisa

    • How does "shared prosperity" of 51% equity help the poor Malays in the kampungs? 51% equity means coming up with tens and hundreds of millions RM. Who are the Malays who can afford this? So it is about making the few rich and very rich Malays richer. What about the majority of Malays?

      Posted 3 weeks ago by Ravinder Singh

  • On Monday, Prime Minister Ismail Sabri Yaakob said that the sale of Bumiputera shares or companies will only be offered and sold to fellow Bumiputera consortiums, firms and individuals under a soon-to-be-introduced government measure. I guess the devil is in the details and implementation.

    Posted 3 weeks ago by Teruna Kelana