INDUSTRY NEWS (20 November 2021)
Mall quotas won’t work, say experts
Experts believe that enforcing quotas for Bumiputera owned-businesses at strategic locations will not work to elevate the community. Economist Dr Mohd Nazari Ismail said race-based quotas, such as the proposed quotas for the community in strategic locations like shopping malls owned by government-linked companies (GLC) as part of efforts to increase the community’s participation in the economy, were likely to fail.
Sunway to form JV with Hoi Hup to acquire residential land in Singapore for RM2.5b
Diversified conglomerate Sunway Bhd said it will form a joint venture (JV) company to buy 22 plots