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johnmelodyme
2y

!dev

I am so sick of the Bumiputera 51% equity rules in the startup company. In order for the company to be public listed, 51% (or higher) of the ownership without ANY CONTRIBUTION is compulsorily involve a random assigned entity .

The person who set this regulation clearly don't understand how economic works. This will cause a ripple effect of more companies leaving this country due to unfair treatments if the founders & co-founders happens to be a non "bumi".

Regulation like this put my citizenship into a consideration and doubts.

Every action and decision made, there's always an opposite reaction. In this case, I believe in 5 years, we will witness a massive exodus.

Thats why I stop thinling of launching a branch in Malaysia.

rant

malaysia

malaysian，nontech
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  • 1
    2y
    Isn't that what China does too?

    It's probably intended as a safeguard against some imperialistic tendencies in some society striving for world dominance. And given the history of that area, i wouldn't call em paranoid for that...
  • 1
    2y
    @Oktokolo at least when i launch my company in china. As long as i have a pr . I have the privilege. but in makaysia is different. You need to be a "specific race"
  • 0
    2y
    @johnmelodyme Wait what?! It isn't about citizenship?
  • 1
    2y
    @Oktokolo no ... In malaysia , if you are not a malay . You dont deserve the privilege even though you are the citizen.
  • 1
    2y
    @johnmelodyme Yeah, that looks pretty racist to me too.
  • 1
    2y
    @Oktokolo it is thats why i am sick of it
  • 0
    2y
    @johnmelodyme Yeah, racism is crap. Doing it to "correct" the past (most likely intention) doesn't make it any better.

    Hopefully, they will get that eventually. But we civilized westeners don't get it and we are obviously way above those savages - so i doubt, it will happen soon.
  • 3
    1y
    Shut up chink! You yellow fucks need to go fuck yourself in your whatever chinese country

    fuck china!fuck communist

    you yellow fucks die.
  • 0
    1y
    @besambonjur Stop tagging me !!!!
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