MITI not informed of 30% Bumiputera equity change for private education

The Investment, Trade and Industry Ministry (MITI) has clarified that it was not informed of any change to the Bumiputera equity ownership requirement for private education institutions under the Education Ministry. This contradicts the Education Ministry's earlier statement that the change was made after discussions with MITI. MITI stated that policy matters related to Bumiputera equity ownership fall under the Economic Ministry's jurisdiction.

The Education Ministry announced that the minimum 30% Bumiputera equity ownership requirement for private limited companies operating private education institutions would no longer be imposed, aiming to keep participation in education open to all parties. This decision comes following concerns over the 30% Bumiputera equity requirement, particularly from MIC national strategic director Datuk C Sivaraj, who argued that such measures should not undermine the rights of non-Bumiputera communities.

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