5. What national objectives are served by requiring Bumiputera equity in GLC disposals?

Question

## The requirement is said to align GLC and GLIC disposals of strategic assets with national socioeconomic objectives and the Bumiputera agenda.

Accepted Answer

The Ministry of Economy said in March that the purpose of the condition was to ensure disposals of “strategic assets” by GLCs and GLICs match national socioeconomic objectives and the Bumiputera agenda. In the debate around the updated Properties Acquisition Guidelines, the specific national objectives were described only in broad terms, not as a detailed list.

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5. What national objectives are served by requiring Bumiputera equity in GLC disposals?

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