Subject to the direction from Yang di-Pertuan Agong (The King of Malaysia), the Land Public Transport Commission can reserve some proportion of issurance of operating licence for Malays and natives, including companies in which the majority of the capital is owned and managed by Malays or natives. 
"Chapter 3 - Licensing of goods vehicle service operators [...]
67. Reservation of operator's license
(1) Notwithstanding anything contained in this Act, the Yang di-Pertuan Agong may, from time to time by order, give the Commission instructions as required for the reservation of operator licenses for Malays and natives in what -what proportion of operator's licenses to be issued under this Chapter to people who conduct as their main business, a business of carrying goods for any third party for rent or wages using goods vehicles as deemed reasonable by the Yang di-Pertuan Agong, and The Commission shall comply with such instructions.
(2) An operator's license issued to a Malay or native by the Commission in accordance with instructions given by the Yang di-Pertuan Agong under subsection (1) must contain the following endorsement: "Issued in accordance with instructions given under subsection 67(1 ) Land Public Transport Act 2010.”.
(3) The endorsement in subsection (2) shall be conclusive evidence that the operator's license has been issued in accordance with such direction.
(4) The Commission may, in respect of any operator's license issued pursuant to a direction given under subsection (1), impose on the operator's license such conditions as it thinks fit in addition to the conditions mentioned in section 57.
(5) For the purposes of this section, "Malays" or "natives" includes a company, association or group of persons, whether incorporated or unincorporated, the majority of whose capital is owned by and the management and whose employees consist of Malays or natives. [...]" (Land Public Transport Act 2010(Act 715, enacted on 10 June 2010, as amended [google translation])
Land Public Transport Act 2010(Act 715, enacted on 10 June 2010, as amended [google translation]
[<a href="https://www.mot.gov.my/my/Documents/Akta%20715%20(MUKTAMAD).pdf">Act</a>]