Los Angeles Times, 30 Jun 2009, Associated Press
KUALA LUMPUR, Malaysia (AP) — Malaysia took a big step Tuesday to liberalize its economy, relaxing a host of restrictions on foreign investment, including a controversial rule requiring businesses to be partly owned by ethnic Malays.
Prime Minister Najib Razak announced that listed companies will no longer be required to allocate 30 percent of their stake to Malays as part of an affirmative action program for the country's ethnic majority.
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Related:
Malayisa Eases Investment Restrictions - The Wall Street Journal
