Economists raise concern over sale of bumi shares, firms in limited market

Several economists have raised concerns over the safety net measure underlines in the newly released 12th Malaysia Plan which restricts the sales of bumiputera shares and companies only to bumiputera.

Economist Jomo Kwame Sundaram (above) opined that limiting bumiputera share transactions only to bumiputera as mentioned in Prime Minister Ismail Sabri Yaakob’s speech could be a double-edged sword as they would lower the share value.

"Basically, the resale value will go down...