World · Malaysia Bureau
PKR Women's Wing Cites Najib-Era Precedent in Equity Debate
The PKR women's wing has pointed to a previous government decision to liberalise service sector regulations without equity requirements, as a precedent in an ongoing debate over equity conditions in business licensing.
LSN Malaysia ·
The head of Srikandi PKR has reminded stakeholders that former Prime Minister Najib Razak's administration previously announced the liberalisation of 27 service sub-sectors without imposing equity conditions on foreign participation. The statement comes amid ongoing discussions about equity requirements in sectoral regulations, with the PKR women's wing drawing attention to the historical policy as a reference point for current deliberations. The group cited the earlier liberalisation moves as evidence that equity-free frameworks for service sector liberalisation have precedent in Malaysian governance. The reference to the Najib-era policy appears designed to strengthen arguments in favour of removing or reducing equity mandates in current policy discussions. The PKR women's wing's intervention underscores the continued debate within Malaysian business and political circles over the balance between protecting domestic interests and facilitating competitive liberalisation of service sectors.