Will the government restore the 30 percent equity threshold?

Question

## No government decision to restore the 30 per cent equity threshold has been confirmed.

Accepted Answer

Lim Guan Eng has urged Prime Minister Datuk Seri Anwar Ibrahim to roll back the Bumiputera equity requirement for GLC and GLIC property acquisitions worth RM20 million and above from 50 per cent to 30 per cent. The updated Ministry of Economy Properties Acquisition Guidelines took effect on November 18 last year, but there is no confirmed official decision in the available information that the threshold will be restored.

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Will the government restore the 30 percent equity threshold?

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