UPDATED
By Adib ZalkapliKUALA LUMPUR, Oct 30 — Tan Sri Muhyiddin Yassin said today that the government's NEP-style policies will have to continue until the target of 30 per cent Bumiputera equity in listed companies is achieved.
The Umno vice-president's statement today represents the clearest indication yet of the party's stand amid calls from the MCA, its rejuvenated partner in the Barisan Nasional coalition, to review the 30 per cent policy.
Muhyiddin, who is standing for the deputy presidency in the Umno elections, said that since the New Economic Policy officially ended in 1990 there had been no increase in Bumiputera equity stakes.
"Since the end of the NEP in 1990 there has been no increase. So we have to work hard towards it," said Muhyiddin.
"There are weaknesses, or leakages, in Bumiputera participation in certain economic sectors. Weaknesses in policy implementation must be overcome," he added.
The International Trade and Industry Minister also pointed out that Bumiputeras are not the sole beneficiaries of the NEP.
"Don't forget that it is not only for Bumiputeras as the objectives are to eradicate poverty and to restructure society," he added.
However, he agreed that genuine partnerships between Bumiputeras and non-Bumiputeras in businesses should be encouraged.
His statement today follows Deputy Prime Minister Datuk Seri Najib Razak's recent announcement that elements of the government's affirmative action programmes would be dismantled gradually.
This was seen as a signal from the MCA and some other non-Malay parties in the BN coalition to push for more liberalisation.
But MCA vice-president Datuk Liow Tiong Lai's recent suggestions for a review of the 30 per cent target and for more "genuine partnerships" have riled the Umno ground.
The Umno-owned Utusan Malaysia attacked Liow in recent days in editorials and comments, and appears to be trying to rally the Malay ground to defend "Malay rights'' in the form of the NEP targets.
Former Prime Minister Tun Dr Mahathir Mohamad has also weighed in, saying it was not the right time to dismantle the Bumiputera quota.
The debate over the racial affirmative action programme has also spilled over to a decision of the Selangor state government to temporarily appoint a non-Malay to head up the State Economic Development Corporation (PKNS).
Comments (34)
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MMM combination will surely elevate UMNO,BN and the NATION to greater height, Lowly rated comment [Show]
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written by Blue, October 30, 2008
written by Blue, October 30, 2008
So much of the public and the politician getting matured after the recent general election. In contrary they are getting more racist.
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When will you wake up?
written by cubi76, October 30, 2008
written by cubi76, October 30, 2008
How can Bumi become competitive when you give out freebies to them? When do you want Malay to stand up on their own feet and claim their confidence?
So many times, so many people have voiced out, yet you still dont have a clue what's going on in the world. What's wrong with you actually? NEP is flawed! And it hinders our national competitiveness!
Dont instil the inferiority mindset in Malays' anymore. You are actually destroying Malays' future! And this country as well!
So many times, so many people have voiced out, yet you still dont have a clue what's going on in the world. What's wrong with you actually? NEP is flawed! And it hinders our national competitiveness!
Dont instil the inferiority mindset in Malays' anymore. You are actually destroying Malays' future! And this country as well!
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written by chin, October 30, 2008
written by chin, October 30, 2008
Aiyah, let them have the 30%, ok 50% lah.
After the capital flight, bumi companies and GLCs will make up almost all of KLSE.
What next, 30% of all private held companies, then what 50% of all privately held funds.
Already 43% of KLSE listed equities are owned by GLCs. Pretty soon KLSE will be a government trading arm.
And all non-Bumi business go back to family owned operations or list overseas. Even Maxis de-listed the company.
After the capital flight, bumi companies and GLCs will make up almost all of KLSE.
What next, 30% of all private held companies, then what 50% of all privately held funds.
Already 43% of KLSE listed equities are owned by GLCs. Pretty soon KLSE will be a government trading arm.
And all non-Bumi business go back to family owned operations or list overseas. Even Maxis de-listed the company.
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Malay rights?
written by CT Lim, October 30, 2008
written by CT Lim, October 30, 2008
The concept of "Malay Rights" has been referred to without an official interpretation of what it is exactly. At times, I wonder if the definition is clear even to those using the term. And if it is unclear as to what these people mean, then do they really know what they are talking/writing about?
Is it too much to ask for the term to be defined by the government so that we have an official definition? Perhaps, then, we may come to fully comprehend what the "defenders of Malay rights" are truly looking for. Otherwise, some non-bumi Malaysians will continue to be unduly alarmed any time some "Radical" announces his willingness to fight for Malay rights.
Is it too much to ask for the term to be defined by the government so that we have an official definition? Perhaps, then, we may come to fully comprehend what the "defenders of Malay rights" are truly looking for. Otherwise, some non-bumi Malaysians will continue to be unduly alarmed any time some "Radical" announces his willingness to fight for Malay rights.
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Once a lanun,
written by Taikohtai, October 30, 2008
written by Taikohtai, October 30, 2008
Always a lanun.
Affirmative actions goes against the teaching of a man to fish. BN prefers the Malays to remain totally dependent on their elected leaders to feed them, not knowing all along they are been robbed by their own leaders. However, all is becoming clear to most Malays but Chief Lanun TDM continues to dictate otherwise.
Looks like this is the final push before the cookies crumble..........................
Affirmative actions goes against the teaching of a man to fish. BN prefers the Malays to remain totally dependent on their elected leaders to feed them, not knowing all along they are been robbed by their own leaders. However, all is becoming clear to most Malays but Chief Lanun TDM continues to dictate otherwise.
Looks like this is the final push before the cookies crumble..........................
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no wonder utusan is still very much around ,
written by tony, October 30, 2008
written by tony, October 30, 2008
now i understand,,why utusan can write ,,any thing at all,including racist statement and yet is still around ,,,,they belong to umno,,this paper should be condemn,,by all malaysian
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Muhiyiddin - loose face for Johoreans
written by amoker, October 30, 2008
written by amoker, October 30, 2008
Wow, Mr Muh claims that there is no increase of Malay equity since 1990. So, 29 years later in 2008 and the equity level stays the same. That shows at least that UMNO has failed the Malays. ( if it is true). He has to back it up with facts and this, i dun think he can. So, the incoming DPM has displayed traits of a liar.
Btw, the more Utusan and UMNO talks about their rights .. the more they forget that they recent crash in out stock market will wipe up more of their so called equity. Please la, act like a Malaysian.
Btw, the more Utusan and UMNO talks about their rights .. the more they forget that they recent crash in out stock market will wipe up more of their so called equity. Please la, act like a Malaysian.
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Double faced
written by Countryman, October 30, 2008
written by Countryman, October 30, 2008
Not surprised at all that during the campaign for UMNO election where every aspiring contender will try to show he fights for the Malays, any vociferous attacks on other communities fighting for their rights will give them a good scores among its members.
Isn't it true that Muhyiddin Yassin also gave an interview to some Chinese papers some time back that he also agreed to phase out the 30% equity share for bumiputras and Bumiputras should not always depend on government, and should try to strive for success on their own.
All these are just political gimmicks and double faced.
If forever our politicians continue to have a myopic view and keep harping on the 30% equity issue, we will never see a day where Malaysia will stand out as a competitive nation, all foreign investors will shun Malaysia as a place for investment.
Grow the economic pie instead of wasting time to talk about this 30% thing. Simply disguting.
Isn't it true that Muhyiddin Yassin also gave an interview to some Chinese papers some time back that he also agreed to phase out the 30% equity share for bumiputras and Bumiputras should not always depend on government, and should try to strive for success on their own.
All these are just political gimmicks and double faced.
If forever our politicians continue to have a myopic view and keep harping on the 30% equity issue, we will never see a day where Malaysia will stand out as a competitive nation, all foreign investors will shun Malaysia as a place for investment.
Grow the economic pie instead of wasting time to talk about this 30% thing. Simply disguting.
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Flip-flop to stay
written by thom, October 30, 2008
written by thom, October 30, 2008
One day say NEP will be dismantled gradually, the next day say NEP is here to stay. Looks like the flip-flop tradition of the Badawi era will be preserved into the Najib era.
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written by Olek Skilgannon, October 30, 2008
written by Olek Skilgannon, October 30, 2008
I wonder if Muhyiddin would also care to explain the dismal performance of the KL Composite Index - one of the worst-performing stock markets in Asia?
Capital and talent go where they are wanted and appreciated. The 30% rule just means that more and more Malaysian entrepreneurs will choose to list their companies on the Spore Exchange and the Catalist exchange.
And public-listed companies on Bursa Msia could choose to go private and change their listing domicile to Singapore. The 30% will not have enough votes to stop such moves.
YTL is already increasing it's investments in Spore. As is Genting.
The day could come when only the GLCs are left as "blue chips" on Bursa Msia.
Of course, Muhyiddin and his ilk are not bothered about this. I just wonder jhow he keeps a straight face when he goes on investment promotion missions overseas and extols Malaysia's attractions to foreign investors and MNCs.
Capital and talent go where they are wanted and appreciated. The 30% rule just means that more and more Malaysian entrepreneurs will choose to list their companies on the Spore Exchange and the Catalist exchange.
And public-listed companies on Bursa Msia could choose to go private and change their listing domicile to Singapore. The 30% will not have enough votes to stop such moves.
YTL is already increasing it's investments in Spore. As is Genting.
The day could come when only the GLCs are left as "blue chips" on Bursa Msia.
Of course, Muhyiddin and his ilk are not bothered about this. I just wonder jhow he keeps a straight face when he goes on investment promotion missions overseas and extols Malaysia's attractions to foreign investors and MNCs.
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written by Ryn, October 30, 2008
written by Ryn, October 30, 2008
Recession reigns its ugly head every 20 +/- years. See history. With this style of policies, then each time the wealth of the fortunate ones got reduced, the poor unfortunate who bertungkus lumus berjimat every penny will have to bail the fortunate group up! Ada yang makan daging rendang, ada pula yang makan tulang - tak habis habis. Apakah ini equation yang negara kita boleh amalkan?
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written by Jong, October 30, 2008
written by Jong, October 30, 2008
This Umno's "culture of dependency" on government must go on until the target is achieved, eh?
3 decades and it has not gone anywhere near it, Muhyiddin? Then there's something very wrong!
Think of those without such " rights and entitlement", Muhyiddin. Those who sweat and toiled for decades, working hard day and night to pay back loans, stressed up to fight bankruptcy, fighting hard to put food on the family table and to see that their children get decent quality education. That's self-reliance, self-worth and personal pride which this government needs to inculcate, not handouts!
3 decades and it has not gone anywhere near it, Muhyiddin? Then there's something very wrong!
Think of those without such " rights and entitlement", Muhyiddin. Those who sweat and toiled for decades, working hard day and night to pay back loans, stressed up to fight bankruptcy, fighting hard to put food on the family table and to see that their children get decent quality education. That's self-reliance, self-worth and personal pride which this government needs to inculcate, not handouts!
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Don't destroy the Bumiputras
written by Countryman, October 30, 2008
written by Countryman, October 30, 2008
The more UMNO is taking about this 30% equity, the more will be the capital flights into other countries. Seeing the way this country has been run, haven't our leaders realised more and more of our own Malaysian investments have already moved overseas: China, Vietnam, Middle East and of course, Singapore? Maxis had done so, Genting and YTL doing it gradually, Air Asia seriously considering going private, plus many more.
Eventually, all public listed companies in KLSE will be from GLC and those which are not competitive; you can take 51% from all these companies, and it means nothing!
Does anyone in UMNO feel ashmed when they keep talking about this 30% issue? Keep waiting for free things to fall from the sky? Please change such mentality. A true Bumiputra deserve something more worthy than this, please don't underestimate them.
By doing this, UMNO is going to destroy the Bumiputras for many generations.
Eventually, all public listed companies in KLSE will be from GLC and those which are not competitive; you can take 51% from all these companies, and it means nothing!
Does anyone in UMNO feel ashmed when they keep talking about this 30% issue? Keep waiting for free things to fall from the sky? Please change such mentality. A true Bumiputra deserve something more worthy than this, please don't underestimate them.
By doing this, UMNO is going to destroy the Bumiputras for many generations.
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written by No Hope, October 30, 2008
written by No Hope, October 30, 2008
NEP was introduced to solve a problem in a given time. Today, it is used for political purpose. It distorts the reality in this global economy.
Malaysia cannot insulate from the reality of the global economy. Malaysia is too small to sustain any economic enterprise other than small scale industry. For any capable Malaysian entrepreneur, the opportunity is not in Malaysia. One may cut ones teeth in Malaysia, simply because of birth.
I would suggest to move out of Malaysia, as as soon as you can build sufficient capital, knowledge, track record, customer base and network. Many have taken the path before you.
1. If you are making money why list the company. If you need to list the company, why list in Malaysia. There many places where you are more welcome and you dont have to give part of the company away.
2. If the listed company is doing well, delist from the KL stock exchange. In the global economy, you can relist the company in other bourses and able to obtain more capital. You don have to worry about giving away 30% of your company
Today, NEP dopes nothing for the Malay and for Malaysia. It just send able Malaysian entrepreneurs and jobs out of the country. What remains are GLCs and mediocre companies.
Malaysia cannot insulate from the reality of the global economy. Malaysia is too small to sustain any economic enterprise other than small scale industry. For any capable Malaysian entrepreneur, the opportunity is not in Malaysia. One may cut ones teeth in Malaysia, simply because of birth.
I would suggest to move out of Malaysia, as as soon as you can build sufficient capital, knowledge, track record, customer base and network. Many have taken the path before you.
1. If you are making money why list the company. If you need to list the company, why list in Malaysia. There many places where you are more welcome and you dont have to give part of the company away.
2. If the listed company is doing well, delist from the KL stock exchange. In the global economy, you can relist the company in other bourses and able to obtain more capital. You don have to worry about giving away 30% of your company
Today, NEP dopes nothing for the Malay and for Malaysia. It just send able Malaysian entrepreneurs and jobs out of the country. What remains are GLCs and mediocre companies.
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NEP & 30% stake
written by Samuel Sing, October 30, 2008
written by Samuel Sing, October 30, 2008
The problem is not the 30% allocation. Question is how much will u pay for it? Again it's question of economic competitiveness. U cannot gain 30% wealth just merely by allocation of shares & isolationistic policies. All of us have to breath the same air.
The NEP policies have been to a large extend prohibited bumiputeras from actually gaining any kind of skill & knowledge that can ensure wealth is buildup over the next 50 years of so. The smart ones go their own way building the business without any political patronage.
Unfortunately the Malays must also open their minds/hearts & ask what the future for them/the future generation if they continually depend on a policies that is bound to fail eventually. The other races will start building assets thru 3rd country investment.
The NEP policies have been to a large extend prohibited bumiputeras from actually gaining any kind of skill & knowledge that can ensure wealth is buildup over the next 50 years of so. The smart ones go their own way building the business without any political patronage.
Unfortunately the Malays must also open their minds/hearts & ask what the future for them/the future generation if they continually depend on a policies that is bound to fail eventually. The other races will start building assets thru 3rd country investment.
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Get the baseline right
written by nkkhoo, October 30, 2008
written by nkkhoo, October 30, 2008
No idiots will buy in equaity share is calculated in face value.
First correction in NEP is get the baseline right (politically and statistically) to reflect actual wealth owned by races in Malaysia.
Market value MUST be used to calculate equity values to convince many rakyat especially non-bumi on fairness and justice of NEP.
First correction in NEP is get the baseline right (politically and statistically) to reflect actual wealth owned by races in Malaysia.
Market value MUST be used to calculate equity values to convince many rakyat especially non-bumi on fairness and justice of NEP.
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30% is too low
written by Eddie, October 30, 2008
written by Eddie, October 30, 2008
I suggest to increase Bumi's stake in listed and unlisted companies to 60% which would then have a fairer representation of the population of Bumi in this country. There are many ways of achieving this ie. we can create laws to compel other races to submit their company's shares to the Bumi.
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written by Jimmy, October 30, 2008
written by Jimmy, October 30, 2008
I don't understand why so many of my dear fellow Malay friend still continue to support this "buaya" who profit himself with all their hard earn money. Look at the formal KTM gate keeper turn UMNO politician who build the palace on the land mean for poor Malaysian or Malay. Is the 30% they fight for themselves or really for Malay?
Many of you live in Kampung, and every 4 years they come and give you little pocket money, may be repair the road full with pot hole for the past 4 years so that you will vote for him. After that he will only show his face may be on tv or newspaper, and the other people will see him face to face very often will be his banker as he keep sucking in your hard earn blood money.
Who are the people sitting on the board of GLC? How many UMNO's leaders relative own the 30% share in many listed company? Wake up my dear friend. Don't support blindly. Think of what will happen to your children, and children's children.
Many of you live in Kampung, and every 4 years they come and give you little pocket money, may be repair the road full with pot hole for the past 4 years so that you will vote for him. After that he will only show his face may be on tv or newspaper, and the other people will see him face to face very often will be his banker as he keep sucking in your hard earn blood money.
Who are the people sitting on the board of GLC? How many UMNO's leaders relative own the 30% share in many listed company? Wake up my dear friend. Don't support blindly. Think of what will happen to your children, and children's children.
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Wat 30%???
written by giggs, October 31, 2008
written by giggs, October 31, 2008
Can't bumis work hard like others to excel in business & academic world without the help of govt??? Wat help has the govt give to non bumis??? Non bumis can excel in both economic & acedemic is due to sheer hard work.
An old saying" If u want to reep the fruits of your labour work hard lah" we all are born with good physic not cacat, and every1 want a level playing field.
Only those in UMNO still think NEP (30% EQUITY) is still relavent ( yah my ass).
An old saying" If u want to reep the fruits of your labour work hard lah" we all are born with good physic not cacat, and every1 want a level playing field.
Only those in UMNO still think NEP (30% EQUITY) is still relavent ( yah my ass).
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again barking on 30%
written by muhammad zabri, October 31, 2008
written by muhammad zabri, October 31, 2008
If umno still barking on the 30% of millionair, given another 50 years this will not be achieved.
By looking how to help the petani and nelayan to gain better income this will easily increase by another 20% of the country wealth.
Ask muhyddin what had he contribute to the petani and nelayan when he holds the minister of agricuture??????. Or will he blame pak lah for not teaching him to handle the ministry of agriculture.
Regards,
Barangkali
By looking how to help the petani and nelayan to gain better income this will easily increase by another 20% of the country wealth.
Ask muhyddin what had he contribute to the petani and nelayan when he holds the minister of agricuture??????. Or will he blame pak lah for not teaching him to handle the ministry of agriculture.
Regards,
Barangkali
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written by Bigjoe, October 31, 2008
written by Bigjoe, October 31, 2008
You want to know the scary part? UMNO people say this guy is smart!! He may be no dummy but frankly admiring these people brain is like admiring the brains of Hitler, Stalin, Castro and Mao... It does not lead us anywhere....
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Malays Wake Up
written by Palaniappan, October 31, 2008
written by Palaniappan, October 31, 2008
MALAYS BEWARE! Malays have been taken for a ride by your own so called leaders for the past umpteen years, like the leaders of other communities. In the name of uplifting the Malays the UMNO politicians actually are stunting the growth and development of Malays, not only intellectually, which they have done through the education system, but also depriving them of working hard on their own for self development to create and instill a spirit of competitiveness. NEP is just for a selected few cronies to enrich themselves and it is not helping the rural Malays in anyway to improve their livelihood. I would be very happy to see our Malays make greater strides in all aspects of life and contribute meaningfully together with other races for development and well being of our country. The Malays must take pride in their own success but not through handovers of government. Yes, they have been doing this for so long but what's the rate of success and who is benefiting the most? In the name of NEP, they are trying to hoodwink you all by stirring your emotions as though other communities are usurping what is rightfully yours. Please wake up and don't allow yourself to be used by politicians for their own enrichment at the expense of majority Malays.
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Making laws to compel?
written by Countryman, October 31, 2008
written by Countryman, October 31, 2008
Making laws to compel non-Mumi to submit their company's shares to Bumi, our friend Eddie must be in the dream world..............
Work for it, my friend! Don't just wait for "durian runtuh"
Work for it, my friend! Don't just wait for "durian runtuh"
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NEP & 30% Bumi Equity
written by Samuel Sing, October 31, 2008
written by Samuel Sing, October 31, 2008
50% of bumiputeras know that thos in UMNO use this excuse to fool the rest of the country. How many individual bumiputera have equity in public listed companies? I know most of the working class people just don't have the money to buy shares in public listed companies.
Just like reader muhammed sabri said, how the economic prosperity of the fisherman & farmers have been achieved. Padiberas was privatised & all the rice mills monopolised, and 90% the bumiputera rice farmers economic situation is still the same.
Just like reader muhammed sabri said, how the economic prosperity of the fisherman & farmers have been achieved. Padiberas was privatised & all the rice mills monopolised, and 90% the bumiputera rice farmers economic situation is still the same.
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Mr
written by Sarawak Bumiputera dll, October 31, 2008
written by Sarawak Bumiputera dll, October 31, 2008
On the equal distribution of wealth and NEP, this had been skewed! What have NEP done to help us? NCR issues, employment in civil services, entry into PPTN @ local U and courses, buz contracts and many others had not benefitted us after >45 years. It had been much better b4 Malaysia - bright young bumi classified as lain-lain were sent under Colombo Plan as lawyers, engineers, architects, economists, accountants, etc. Now they are aging and new breds come in trickle bcos of "profiling" of candidates. Zaid Ibrahim is right. Raja Nazrin is right. Ong Tee Kiat is right. But most of UMNO Napoleon (BIG and SMALL) are WRONG.
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Malaysia is the only country in the world with a social contract among its own citizens
written by Mohd Zamri, November 18, 2008
written by Mohd Zamri, November 18, 2008
Muhyuddin, I am a malay ultra and i own a simple h/phone shop near my home in shah alam and work from 10am till 10pm daily repairing. I don't obtain any grants or help from UMNO neither am I an UMNO member and I have 6 children to feed while my wife is a house wife taking care of the children. I have friends in UMNO who is as poor as me but their intention of joining UMNO is to get some contracts and projects from UMNO and also bumiputra loans so that they can make money. So, far most of my friends whom have join UMNO for the past 10 years are still very poor. So can I ask Muhyuddin, why after 10 years of joining UMNO still my friends whom are UMNO members are still driving taxi??? Let me tell you why :
a. All contracts go to UMNO top leaders disguise as NEP status contract. People like Najib's proxies, Khairy's proxies, Tun's proxies gets the contracts but not the ordinary UMNO members. That happens for the past 50 years.
b. Whenever, there's a loan or govt grants issued out the money does not disbused directly to the borrower but issue to a middle men control by top UMNO proxies. This middle man will take 80% of the amount and pass the remaining 20% to the actual poor borrower and says that only 20% have been approved. See what I mean?
c. Again, all contracts to the poor bumi suppliers is make up, that means the UMNO proxies will sqeeze the price at a discount from the suppliers and request the middle man to mark-up the price. That means middle-man company bill federal govt 300% mark-up price and then only pay 50%(actual price) to the actual supplier. Under table profit will be at least 250% higher.
So for those stupid melayu who think they can just join UMNO and expect something in return, they will be dissapointed. As long as you are not the nominated proxy, no cake will be given to YOU!!!
a. All contracts go to UMNO top leaders disguise as NEP status contract. People like Najib's proxies, Khairy's proxies, Tun's proxies gets the contracts but not the ordinary UMNO members. That happens for the past 50 years.
b. Whenever, there's a loan or govt grants issued out the money does not disbused directly to the borrower but issue to a middle men control by top UMNO proxies. This middle man will take 80% of the amount and pass the remaining 20% to the actual poor borrower and says that only 20% have been approved. See what I mean?
c. Again, all contracts to the poor bumi suppliers is make up, that means the UMNO proxies will sqeeze the price at a discount from the suppliers and request the middle man to mark-up the price. That means middle-man company bill federal govt 300% mark-up price and then only pay 50%(actual price) to the actual supplier. Under table profit will be at least 250% higher.
So for those stupid melayu who think they can just join UMNO and expect something in return, they will be dissapointed. As long as you are not the nominated proxy, no cake will be given to YOU!!!
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written by Amisham Zain, November 18, 2008
written by Amisham Zain, November 18, 2008
Woof!!Woof!!Woof!!Woof!!Woof!! Wheere's my 30% TIGA PULUH PERATUS, Muyudidn ADA Discount 30% kalau beli di IKEA kerana SAYA INI ORANG UMNO....ADA TAK!!!ADA TAK!!!ADA TAK!!!ADA TAK!!!ADA TAK!!!ADA TAK!!!ADA TAK!!!
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written by Salleh Yusof, November 18, 2008
written by Salleh Yusof, November 18, 2008
Ini Muhyuddin siapa??? sudah 30 tahun beta join UMNO...tak ada apa-apa feadah ya!!! hari-hari mesti tiba UMNO meeting sini-meeting sana tapi mana ada kontrak kasi beta ini? semua kontrak sudah sapu oleh maharaja Tun M punya dinasti - lebih baik beta pergi jual nasi lemak dekat function UMNO, lagi untung dari join UMNO - Mat Rempit pun bolehlah!!!
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Beyond NEP
written by swipenter, November 18, 2008
written by swipenter, November 18, 2008
Like I said in yesterday posting this is so very predictable coming from Muhyiddin after the outburst from Ali Rustam in Penang. Next tirade will come from Mohd Mohd bcos it is election time for the post of Deputy President of Umno. Expect this to continue coming from Umnoputras until March 2009.
The Malays must realise that the non malays have no issue with NEP per se; it is the corruption, cronyism, leakages and wastage and the way it is implemented that the non malays are fed up with.
Ofcos the non malay cronies do benefit but not bcos of NEP but bcos they are cronies of the political elites. After 37 years of affirmative action we have malays like Mohd Zamri, Salleh Yusuf, Amisham Zain and others saying that they dont benefit from NEP bcos they are not connected politically. It is also pertinent to ask why is the income disparity between the malays themselves the highest in the country despite the NEP. It shouldnt be if NEP is implemented judiciously.
The malays themselves must question why after 37 years the NEP has failed the majority of them and what should be done to rectify the weaknesses. This must be done quickly bcos globalisation has no time, no mercy and no respect for quotas and handicaps. Look at how the present financial crisis is wreaking havoc worldwide and killing off the weak and marginal businesses from USA to Europe to Japan to China and beyond .
The Malays must realise that the non malays have no issue with NEP per se; it is the corruption, cronyism, leakages and wastage and the way it is implemented that the non malays are fed up with.
Ofcos the non malay cronies do benefit but not bcos of NEP but bcos they are cronies of the political elites. After 37 years of affirmative action we have malays like Mohd Zamri, Salleh Yusuf, Amisham Zain and others saying that they dont benefit from NEP bcos they are not connected politically. It is also pertinent to ask why is the income disparity between the malays themselves the highest in the country despite the NEP. It shouldnt be if NEP is implemented judiciously.
The malays themselves must question why after 37 years the NEP has failed the majority of them and what should be done to rectify the weaknesses. This must be done quickly bcos globalisation has no time, no mercy and no respect for quotas and handicaps. Look at how the present financial crisis is wreaking havoc worldwide and killing off the weak and marginal businesses from USA to Europe to Japan to China and beyond .
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typical poor policy of NEP, just a tool to feed those incapable businessman politician.