BUMIPUTERA businessmen see the rescinding of the mandatory 30 per cent bumiputera quota requirement
for companies seeking to list on the Bursa Malaysia as a "wake-up call" or bumiputera businessmen.

"Most of them deserve this kick in the back because the majority have not seized this golden opportunity to help themselves wean off their crutches," businessman and lawyer Mansoor Saat told Malay Mail yesterday.

FACED with a global meltdown and dwindling foreign investments that are running to more liberalised economies, Prime Minister Datuk Seri Najib Razak has taken a bold move to further liberalise the economy.

He announced the lifting of a host of restrictions on foreign investments, including the controversial rule requiring businesses to be partly owned by Bumiputeras.