We next take up the contentious issue of how the 30% equity ownership target is measured. Corporate equityThe 12MP report errs by suggesting that the 30% target has yet to be attained. A transparent and timely availability of ownership data would remove a key contributor to policy manipulation. The 12MP report speaks of a decline in the equity held by bumiputeras, resulting from a disposal of shares allocated to them. Revitalising our private sector and SMEsIn tandem with a GLC reform programme, there needs to be a revitalisation programme for the private sector, especially directed at small and medium enterprises (SMEs).
