Hypermarket operators who does not fulfill at least 30 percent Bumiputera or Malay ownership in the company equity structure 30% umiputera
Hypermarket operators who does not fulfill at least 30 percent Bumiputera or Malay ownership in the company equity structure 30% umiputera
Hypermarket Hypermarket operators who does not fulfill at least 30 percent Bumiputera or Malay ownership in the company’s equity structure must provide revenue contribution as follows: Bumiputera Retail Development Trust Fund - 0.1% contribution from annual revenue for 10 years Job Creation - Only 10% of non-Malaysians are allowed for management positions (Key Post and Managerial Level. Leasing & Penetration - Compulsory to provide minimum 30% of business lots in hypermarket to Bumiputera. Vendor / Maintenance / Service - Only appoint local companies for supply contracts (goods and services) to hypermarkets. Micro Retail Transformation Programme (MRTP) - To facilitate, assist and exchange technology/ transforming to at least 5 local SME’s (per branch or annually). Financing - Using local banking services for financing transaction.