NAJIB SLASHES BUMIPUTERA EQUITY QUOTAS.

NAJIB SLASHES BUMIPUTERA EQUITY QUOTAS , FIC ROLE-malaysian insiderMalaysia today made sweeping changes to its capital markets to boost foreign investments, cutting Bumiputera equity quotas for share offerings and in fund management firms while trimming the role of a powerful but conservative panel overseeing such investments.Najib Razak dropped the 30 per cent Bumiputera equity requirement for Malaysian firms seeking public listing, the cornerstone of the New Economic Policy (NEP), but they will now have to offer 50 per cent of the public shareholding spread to Bumiputera investors.