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Article: Malaysia Prime Minister Najib Removed Restriction Of Malay Equity Requirement For 27 Service Sub-Sectors.
- Article from:
- M2 Presswire
- Article date:
- June 2, 2009
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M2 PRESSWIRE-2 June 2009-eMediaWorld.com: Malaysia Prime Minister Najib Removed Restriction Of Malay Equity Requirement For 27 Service Sub-Sectors(C)1994-2009 M2 COMMUNICATIONS
RDATE:01062009
New York, NY -- On April 22, 2009 the newly appointed Prime Minister of Malaysia, Datuk Seri Najib Tun Razak removed a longstanding restriction requiring foreign investors in the services industry to take on Malay partners to own 30 percent of any joint venture for 27 sub-sectors, including computer-related services, health and social services, tourism, transport services, business services, rental/leasing services, and sporting and recreation services.
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