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Malaysian international chamber slams KL city hall's licensing rule

It calls for rescinding of requirement that foreign-owned businesses have at least 50% local shareholding, staffing

Kuala Lumpur

A MALAYSIAN industry body has slammed the Kuala Lumpur City Hall's rule that all foreign-owned business must have a minimum 50 per cent local equity and workforce or risk losing their licence.

"This requirement is in direct contradiction with the current government's

sentifi.com

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