AFAM - BULLETIN

Bulletin

Friday, 24 Sep 2021 - The Star

Big challenge to find bumi businessmen willing to take up 51% equity, say freight forwarders’ associations

KLANG: Logistics and freight forwarding companies holding Customs Department brokerage licences to conduct their business are worried that they may have to close down.

This is because these companies are required to have 51% bumiputra shareholders before they can renew their Customs brokerage licence at the end of every year.

Tuesday, October 5th, 2021 - Malaysian reserve

AFAM: Set up inquiry first why 30% Bumiputera stake not achieved

THE Airfreight Forwarders Association of Malaysia (AFAM) wants the new requirement that mandated forwarders to have 51% Bumiputera equity be removed, saying it contradicts the spirit of Keluarga Malaysia.

kl-lifestyle.com.my

AVIATION INTERVIEW

After being in the airfreight industry for 48 years and chairman of AFAM for 28 years, he has seen it all and done it all. Despite achieving respectable veteran status in the industry, he still has no plans to rest on his laurels. Walter Culas shares with AIRLINK his steadfast and resolute approach to leadership in navigating the industry through the pandemic.