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THE 51pc Bumi Equity policy (“51pc Bumi Equity”) in freight forwarding companies has attracted much interest and comments. 
On 28.09.2021, the Federal Minister of Finance (MoF), Tengku Datuk Seri Zafrul Abdul Aziz extended, for the second time, the exemption period for freight forwarders to meet the 51pc Bumi Equity until December 2022. 
On 29.10.2021, the Daily Express reported an offer to reboot Malaysia on 28.11.2021 by a group of 55 prominent Malaysians and to seek the Yang di-Pertuan Agong’s (“YDPA”) consent for the formation of a deliberative platform under the Conference of Rulers (“COF”) to formulate reforms towards a better Malaysia ....

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