MITI not informed of 30% Bumiputera equity change for private education
THE Investment, Trade and Industry Ministry (MITI) says it has no information on any adjustment to the Bumiputera equity ownership requirement for private education institutions under the Education Ministry (MOE), contradicting MOE’s earlier statemen...
The Investment, Trade and Industry Ministry (MITI) has clarified it was not informed of any change to the 30% Bumiputera equity requirement for private education institutions. This contradicts the Education Ministry's statement that the change followed discussions with MITI. MITI stated that policy matters regarding Bumiputera equity ownership fall under its jurisdiction. The Education Ministry announced the change to meet current sector needs and keep education participation open to all.
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