Education Ministry opens private schools sector to all investors, no more 30pc Bumi rule
PUTRAJAYA, Sept 22 — A minimum of 30 per cent Bumiputera equity ownership is no longer a requirement for private l...
PUTRAJAYA, Sept 22 — The Malaysian Education Ministry has lifted the 30 percent Bumiputera equity requirement for private limited companies operating private educational institutions (IPS). This decision was made in consultation with the Ministry of Investment, Trade and Industry, according to the ministry in a statement released yesterday.
The move aims to meet the current needs of the education sector and ensure equal participation from all parties interested in contributing to the nation's educational development. The ministry acknowledged the concerns raised about the previous 30 percent Bumiputera equity rule for certain private limited company-owned IPS, as stated in the 2006 IPS Policy Statement Book.
They expressed gratitude for the contributions of all IPS operators and reaffirmed their commitment to collaborating with all stakeholders to enhance the education of Malaysian children.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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