Explain Bumiputera equity condition for tuition centres, MIC man urges govt

MIC strategic director C Sivaraj has called on the Malaysian government to clarify a proposed rule that tuition centres must hold a 30% stake belonging to Bumiputera citizens by 2027, or risk having their licences revoked. Respectful of the effort to increase Bumiputera involvement in the economy, Sivaraj argues that this cannot be achieved by unfairly removing the rights and equity of non-Bumiputera communities.

If a business was started years ago with its own capital, built a solid reputation, provided employment and adhered to all regulations, why should they now be compelled to give up a portion of their equity simply to renew their licence?

The government's policy-making power should be used judiciously, particularly when it involves businesses that have operated legitimately for an extended period. Sivaraj highlighted in a statement that we cannot bolster one race at the expense of another. This proposed measure would impact numerous Indian operators of tuition centres who have cultivated their businesses over many years.

Earlier this week, Petaling Jaya MP Lee Chean Chung provided further insight, suggesting that a ministry guideline stated that tuition centres must possess 30% Bumiputera equity to have their licences renewed next year. Lee urged the ministry to explain the reasoning behind this move and to consult with operators, offering them clear guidance on the policy's implementation.