Perkasa disagrees with sale of MISC company

Syndicated News
Written by Syndicated News

Movement’s leader wants government to intervene

KUALA LUMPUR, May 26 2016 : Malay rights group Perkasa is urging the government to intervene in the recent sale of MISC Integrated Logistics Sdn Bhd (MILS) to a non-Bumiputera company by Petronas subsidiary, MISC Berhad (MISC).

Its president Datuk Ibrahim Ali is concerned that the acquisition will affect 90 per cent of the 1,200 employees who are Malays and Bumiputeras.

“It is normal practise for new companies to lay off workers to reduce operating costs through rationalising programmes,” he told reporters at Perkasa Office here, yesterday.

In fact, Ibrahim said, the move would also jeopardise the position of Bumiputera entrepreneurs under MILS as he was informed every year over RM60 million in contracts were awarded to Bumiputera contractors.

He said Perkasa had also sent a letter of protest over the MILS takeover to Prime Minister Datuk Seri Najib Tun Razak in Putrajaya.

Earlier this month, the media had reported that MISC Berhad had entered into a sale and purchase agreement to release its entire equity interests in MILS to a non-Bumiputera company. – Bernama



About the author

Syndicated News

Syndicated News

News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.