08-11-2006: Bumis own 36.64% of listed companies ??? YAU MOU GAU...CHOR!!!
Bumiputra equity ownership of the 912 companies listed on the main and second boards of Bursa Saham Malaysia (BSM) stood at 36.64% and valued at RM78.4 billion as at Dec 31 last year.
On the other hand, Malay ownership of all 717,935 companies registered with the Companies Commission of Malaysia (CCM) stood at 24% as at end last year.
Deputy Finance Minister Datuk Dr Awang Adek Husin revealed this in the Dewan Rakyat today in reply to a question from Gua Musang MP Tengku Razaleigh Hamzah.
Of the listed companies on BSM, non-bumiputras held 46.91% valued at RM100.4 billion, while 16.45% worth RM35.2 billion belonged to foreigners.
The shareholding classification and breakdown were done by BSM based on the annual reports of companies. A company with at least 50.1% bumiputra ownership is deemed to be a bumiputra company.
Giving further breakdown on the ownership of listed companies, he said 539 companies had Malay equity ownership of 30% or less, 187 companies had equity ownership of between 30% and 50%, and another 186 had equity ownership of 50% or more.
He said BSM had 1,021 listed companies - of which 646 are on the Main Board, 268 on the Second Board and 107 companies on the Mesdaq - with total value of RM219.4 billion as at end last year.
Awang Adek, however, noted that the 36.64% bumiputra equity ownership was only for companies listed on the main and second boards of Malaysia whereas the New Economic Policy (NEP) target of 30% is measured from a far bigger pool of companies, listed and privately held.
As at Dec 31 last year, 172,568 companies or 24% out of 717,935 registered with the CCM were controlled by Malays.
To a supplementary question from Datuk Wan Junaidi Tuanku Jaafar (BN-Santubong) on the calculation of the equity ownership, Awang Adek said the stand of the government was that the methodology used from the early days until now was consistent by taking into account the overall economic figures.
"The companies taken into account by the government in calculating the equity ownership is the 717,935 registered companies," he said.
Awang Adek said that if they were to consider only the listed companies then the number of companies would only be aroundo 1,000, so it is only right to look at the 717,935 companies registered with the CCM.
He defended the government's methodology in calculating the achievement of Bumiputras in the corporate sector.
"The methodology in any research undertaken is based on the belief and understanding of the said researcher," he said.
"However, the methodology used by us (the governement) is more all encompassing and fairer in giving an overall picture to reflect our country's economy."
Comemnt:
What a Rubbish Explanation FAIRER in GIVING??? YAU MOU GAU...CHOR!!!
On the other hand, Malay ownership of all 717,935 companies registered with the Companies Commission of Malaysia (CCM) stood at 24% as at end last year.
Deputy Finance Minister Datuk Dr Awang Adek Husin revealed this in the Dewan Rakyat today in reply to a question from Gua Musang MP Tengku Razaleigh Hamzah.
Of the listed companies on BSM, non-bumiputras held 46.91% valued at RM100.4 billion, while 16.45% worth RM35.2 billion belonged to foreigners.
The shareholding classification and breakdown were done by BSM based on the annual reports of companies. A company with at least 50.1% bumiputra ownership is deemed to be a bumiputra company.
Giving further breakdown on the ownership of listed companies, he said 539 companies had Malay equity ownership of 30% or less, 187 companies had equity ownership of between 30% and 50%, and another 186 had equity ownership of 50% or more.
He said BSM had 1,021 listed companies - of which 646 are on the Main Board, 268 on the Second Board and 107 companies on the Mesdaq - with total value of RM219.4 billion as at end last year.
Awang Adek, however, noted that the 36.64% bumiputra equity ownership was only for companies listed on the main and second boards of Malaysia whereas the New Economic Policy (NEP) target of 30% is measured from a far bigger pool of companies, listed and privately held.
As at Dec 31 last year, 172,568 companies or 24% out of 717,935 registered with the CCM were controlled by Malays.
To a supplementary question from Datuk Wan Junaidi Tuanku Jaafar (BN-Santubong) on the calculation of the equity ownership, Awang Adek said the stand of the government was that the methodology used from the early days until now was consistent by taking into account the overall economic figures.
"The companies taken into account by the government in calculating the equity ownership is the 717,935 registered companies," he said.
Awang Adek said that if they were to consider only the listed companies then the number of companies would only be aroundo 1,000, so it is only right to look at the 717,935 companies registered with the CCM.
He defended the government's methodology in calculating the achievement of Bumiputras in the corporate sector.
"The methodology in any research undertaken is based on the belief and understanding of the said researcher," he said.
"However, the methodology used by us (the governement) is more all encompassing and fairer in giving an overall picture to reflect our country's economy."
Comemnt:
What a Rubbish Explanation FAIRER in GIVING??? YAU MOU GAU...CHOR!!!
posted by SEE FU at 12:53 PM
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