Thursday, April 23, 2009

30% Bumi Quota Removed

It's a good news that government shredd the idea of imposing a 30% bumi quota for certain industries. At least we would be able to compete more without this constrains. I suppose a lot of industries out there would be very happy to hear this because they are now able to participate in more tenders that's been restricted before. Me included.

Since the old fart Mahathir imposing on the 30% bumi share thingy, a lot of companies' operation has been restricted due to their non-compliance to the bumi share issue, and now we are able to participate more. This will make the market more transparent, and also more competent because there are more competitors than before.

This will also boosted the industries, and at the same time will make people more alert to what they are doing because one could be replaced by the other anytime!

What do you think?

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