The Ministry of Education has removed the requirement for private limited companies operating private educational institutions, including tuition centres, to maintain at least 30% Bumiputera equity ownership, following discussions with the Ministry of Investment, Trade and Industry (MITI).
In a statement today, the ministry said the decision was made to address current needs in the education sector and ensure that opportunities to participate in private education remain open to all parties seeking to contribute to Malaysia’s educational development.
The decision follows concerns raised by private education operators over the ownership requirement, which was outlined in the Private Educational Institutions Policy Statement Book published in 2006.
The requirement had sparked uncertainty among tuition centre operators, particularly over whether existing businesses would need to restructure their shareholdings to comply with the 30% Bumiputera equity condition when renewing their operating licences in 2027.
On Sept 20, the ministry announced that it would submit a proposal to the Cabinet to review the ownership structure requirements for tuition centres following concerns raised by industry stakeholders.
However, in its latest announcement, the ministry confirmed that the minimum Bumiputera equity requirement would no longer be imposed on private limited companies operating private educational institutions under its jurisdiction.
