The Malaysian Insider

Another case of UMNO Minister being confused. What you are referring to is taking 30% from the non-Bumis, I repeat, 'taking'! Of course if the Malays can achieve 70% or even more on their own steam, the non-bumis will not stand in the way of the Malays nor will the Malays allow the non-bumis to do so. What Liow brought up was to find a new formula that will encourage better cooperation rather than the fixed 30% equity that has apparently not worked if after 40 years we are still quarreling over it.

Datuk,

In business, we need to integrated credible and capable human resources, to achieve optimum, if not, maximum output.

It's not about 30% or 70%, it's about integration not deviation.

If you were to discuss, it's Minimum 30% not Maximum 30%, for one PLC.

Thank you.

You are an embarassment to race and country, I weep for my children and my future generations to have a nincompoop as you guiding our education policies!

Hey, I am bumi but I don't need a crutch to survive lar. Stop assuming you speak for us.

First of all, Bumi's didn't start off owning 100% equity and 'give' it away to other races, instead, we demand others to give us 30% of what they build, regardless of whether we deserve it or not.

You want to shout to the whole world you are weak and need handout, speak for yourself, me and my generation and future generations do NOT need such crutches to survive!

Khaled Nordin has totally got himself wrong, or he is trying to confuse the general public. Not at a single moment did the non-Bumiputras complain or protest the number of 30% in equity participation in the country wealth, if this is acheived through genuine effort, no one will question if Bumiputras get 30% , 50% or even 70% of the country wealth. What the non-Bumiputras complain is to be asked to give away 30% of their hard earned companies through blood and sweat to Bumiputras at par value.

If the Bumiputras through their genuine effort control the majority of the country's wealth, why shoud anyone complain, since they work hard for it? Non Bumiputras are not such unreasonable lot.

Dear Minister, please do some homework and get your facts rignt. It is the way the distribution is done, not the number.

Think of a way to increase the economic pie instead of harping on this number of 30%, as every simple folk will understand, a 20% shares in RM200 is more meaningful than a 30% share in RM100.

With this type of Education Minister, no wonder we are miles behind Singapore.

With this type of Education Minister, no wonder we are miles behind Singapore.

The non bumi has no choice if they want to list the company on KLSE but to 'give' out the 30%.

As for the foreign investors, do you think they give any damn about the 30% thingy. Malaysia is not the only country they can invest in. They have tons of options. If Malaysia and UMNO in particular think that foreign investment is not important and can rely on petrol money to finance the country's growth by all mean stick to the NEP thingy.

If we have more right minded people like Faizal above, Malaysia will stay ahead, be more competitve and beat many other countries in 10 years' time.

It is Malays like faizal that greatly helps to redeem Malay pride from idiots like Khalid Nordin. It is a shame to Malaysia that we have a DMOE with such low mentality. With ministers of such quality, is it any wonder that our education standards is what it is now a days. All malaysians will have to weep along with Faizal.

this is a shocker, and we have a so called "higher" education minister of such calibre !! this kind of mentality is i guess one of the worst rip-off policy of any form existent in this part of the world! its really sickening.. they are just worse than leech, and the hope that our country will march forward with this sort of leader in place is purely unthinkable !

I totally agreed with what Faizal (above) writes about the government policies in making fools of the Bumis and potraying them to be a weak group of people who cannot stand on their own. I'm sure only a handful of cronies gained from the 30% Bumiputera equity participation (compulsory) policy. The rest of the Bumis who have no connections (non-cronies) are left out of the system to find ways to improve their earnings on their own. However, these are the people who are now mostly professionals, business people and well respected citizens. These are the people who are proud to be part of the business world. These are the people who can stand up tall and compete in the real world. Let there be more "Faizal" and "Zaid Ibrahim" in Malaysia so that we can really compete with our neighbours like Singapore, Thailand, Vietnam etc (meritocracy system).

ABC will be airing worldwide on astro 514 umno shameful deeds and policies such as sodomy charge, ISA, murder of altantuya scandal, affirmative action etc.

Dear Faizal, dont you get it?
UMNO wacked the grassroot bumis limpy, then give them tongkat and make them impulsive beggers. UMNOs is much like those syndicates behind street beggers, who manipulate and exploit. In days to come, UMNO is likely to dispense parang and kris and make them terrorists.

Nonetheless, UMNO is still better than MIC, who broke the Indian's legs, push them onto the street and gave them nothing.

One of the listing requirements is that all companies to be listed should have at least 30% of their equity in the hand of Bumiputra. If Bumiputra equity in these listed companies are still below 30%, there are only two possible reasons: l) the Securities Commission did not observe this requirement when granting approval to applicants, and 2) Bumiputra shareholders cashed out their shares after listing.
It is doubtful that SC did not ensure that this 30% Bumiputra equity is complied before granting listing approval. Thus, the second reason is more likely. May I therefore suggest a solution to solve this problem. The 30% Bumiputra shares be designated as Bumi shares and could only be transferred between Bumiputra investors. The remaining 70% of the shares shall be free for all. This way, the Bumiputra shares can only be more than 30% and not less. If this proposal is implemented, there is no need to get heated up over this issue any more.

Hi ! Abang Khaled, I'm not surprise that your mental process has been configurate in this manner.
Because you are THE TYPICAL PRODUCT OF NEP ! Needless to say the rest. With people as confident as Faizal around, If I own a business , I'll give my 50 % to him, with or without NEP, because I know that we can form a WINNING company. And you bet I wouldn't care whether he is Bumi, Eslkimo or Red Indian. To do business is to make money, the Japanese investor think so, the Russian who send our space tourist to space definitely think so, and the mamak store proprietor will think like wise.

Kindly encourage Bumi to achieve 70% of the equity. But remember by sheer effort in line with business convention. What I mean is the above the board not the under table kind of deal that your friends always like to engage in. By then Malaysia will be a economy world power , and all Malaysian will have some quality time to spend some real money, rather then talking 30% or 70% on the internet.

Hmm...outside msia...the equity percentage equity is determined by your capability...inside msia..well you know la...

whatever percentage, earn it. it could even be 100%. that will really command the respect of even the developed nations. like they say, respect is earned, not commandeered or forced. when all malaysians are truly able to stand upright on their own two feet, without brow beating or elbowing some aside or even for some unfairly gained leeway, then we all shall be able to stand up straight, face up and chest out, and claim the respect that is truly earned. otherwise malaysians shall always be a gutter race forever looking for alms and handouts. long live malaysia. long live malaysians.

Thirty eight years after the implementation of the NEP it is pathetic to note that the Malays have not achieved 30% equity in the private companies according to Higher Education Minister Datuk Seri Mohamed Khaled Nordin. Now whose fault is it that the Malays are not where they should be with all the help rendered by the UMNO dominated government? Today, the intellectually bankrupt politicians in the government should blame themselves for the mess they have brought this country to having no regard to what is happening in the borderless world of competition. There are more important things that the government should focus on instead of asking themselves why the Malays have not achieved the objectives of the NEP. With all the help given to the Government Linked Companies, how many companies are successful? Now who is to be blamed?

The government should be engaging Malaysians in healthy competition so that we can compete in the world with the brains instead of indulging in mediocrity and protectionism. Where are we in the field of education? We do not even have world class universities, why there is no competition in the intake of the best brains to be the academic staff. What a shame!! The Higher Education Minister should be ashamed that when our education system is in shambles he is talking about Malay equity stake holding in the country and this is nothing more than deviation from his scope of work and accountability.

At the rate and pace the country is moving we can only be sad for the next generation of Malaysians simply because race is being used as a divisive factor to impede our progress towards achieving world class status. There is no substitute for meritocracy and mediocrity will descend us to doomsday.

The point of getting rid of the NEP is so the bumiputras don't have to compromise with anyone and cannot compromise themselves!!!

Hello Brother Eddy !

When somebody find a wallet full of RM on the street and pass it up to Utusan or NST, by your defination they are stupid. They are selfish also, because they might use the found money to buy some toys for his children.
As per your comment , Encik Faizal , a righteous bumi who has a strong belief system, a healthy mindset and who has made it , who is independent and confident, who can compete with anyone head on, and the best thing is, unlike other flip flop angels in that inferior complex party, talk conscience. AND YOU ASK HIM TO FLY KITE BECAUSE YOU THINK HE IS FOOLISH AND SELFISH ???

WHAT KIND OF LOGOC IS THAT ? Isn't Him the EXEMPLARY MALAY who posses all the right quality that our NEP inclineed government aspire day in day out to build ? Isn't him the confident proud Malay that our bonehead leadership are talking about now ?

AND A SMART PERSON LIKE YOUR GOOD SELF CALL HIM FOOLISH AND SELFISH ???
Think about it brother !

It seems that decades of economic dominance and monopoly is not enough for certain quarter of our multiracial community. They want more and they want all. In the name of "competetiveness", they don't want to share even a mere 30% of the pie, even though they are just a minority. They don't care about others. They just think of their pockets and never care about others. Their greed has now ruled their heads. They are not grateful for the safrifice by the indegenious people in giving their great grandfathers citizenship. These people must now wake up and look at bigger picture. They must learn to share if they want to continue raking up the wealth in this country. Or else they might lose everything.

1. Lay open the methodology of statistics computing that come up to Khaled's numbers. If the methodology of calculation is acceptable by eg. Hong Kong Statistics Department ( afterall we model our ACA alongside with their operations model right, heheheh ) then I think it put all niggling perceptions of other races to rest, once and for all.
2. To be honest, during the fight for independence, communism etc.... it is ALL races that berganding bahu to fight for Malaya. Read Sejarah - original edition. Latest edition got mutation of facts lah. That time someone got to be the Speaker for Malaya - so Bapa Malaya was the chosen one.
3. I also agree with Faisal. Each time we have mak to hold our hand when crossing the road, we will never learn to cross the road confidently ourselves. Why cant we learn to cross the road ourselves? Mak cannot always be around to help us to cross the road.

Must now wake up and look at bigger picture. Must learn to share fairly if they want to continue raking up the wealth in this country. Or else they might lose everything when the other components decide to call it QUITS. Dont imagine its impossible. 308 is an example.

To RYN,

1) Why don't trust statistics by fellow Malaysian? Is it because they are mostly done by Malays that they cannot be trusted? Why must go to Hong Kong? Is it because they speak cantonese or mandarin that they are more trusted. What a crap! Stop being mistrusting & greedy! No one is asking anyone to give up all their wealth. All is asked is for them to be more considerate and share.

2) The indegenious people had been so polite in never asking for more than 30% even though they make up 70% of the population. They compromised in granting other races citizenship, so that they can earn a living in this country, feed themselves and their children. Would the Chinese in China or Indians in India do the same and sacrificed their righst so that their economies be monopolied by others in their countries. I dont think so.

3) 30% ruling which was part of NEP is to enable disadvantaged to compete is a level playing field with the advanteged. Like in golf, the poorer players would be given handicaps. Otherwise the good golfers win every time. It is about correcting imbalances between groups. There was inbalance in the distribution of wealth, and its still continue now. Following that our wise leaders from all the communities agreed to share. They agreed on what is basically affirmative action. They agreed that they would eradicate poverty irrespective of race and that there should be no identification of race with economic function.

But it seems that some quarters nowadays chose to forget and chose to dismantle the concept that has been the pillar of our harmony all this while. They must now wake up and not let their head driven by greed. Unless they want to lose what they've been enjoying for decades.

Don't play with fire.

Cloud92, I absolutely agree with you that NEP has noble intentions in helping the disadvantaged. That said, why are we talking along racial lines? Poverty afflicts every race, expand the NEP to all races based on need. NO ONE will argue against that. Are you not ashamed of yourself of being a bigot? Talking talking talking like you own this land. I repeat, you do not own this land, God owns this land.

Frankly speaking our ministers in education are weak in mathematic and perhaps fail this subject.. or maybe score A (because Malaysia lower the standard..) that why UM continue to go down....

Tell the MCA man to keep quiet. The Malays in Malaysia can take whatever they want to take. But under condition that it shall be going on by law, capacity, ability and avoid hurting the national financial system. Why bising bising a lot? Malaysia is going to bankrupt. Reformation and reinvention is only for talking no realistic action is taken. People are still kept to themselves in the backward mindset.
Go ahead take all. Don't stop. Until our nation has become one of the worsts in the world.
Money will eventually drop down from the Heaven.

To horseshoe,

So if God owns this land then everbody can make ridiculous claims regardless of what agreed earlier? What a crap! Stick to what had been agreed and accepted all this while i.e social contract. A man of honour will keep to his agreeent. If some section of our multiracial community would like to abandon what had been agreed for decades, then fine, all terms & benefitd can be abandoned and withdrwan, including the granting of citizenships. Let all of us be the losers just for the sake of the greed and ingrorance of a few people like you.

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.

UMNO Elites needs the NEP and 30% to enrich themselves while the majority of the Malays suffer. UMNO politicans will not survive without the NEP amd the 30 % quota. The Low and Middle class Malays have to fend themselves to the hard realities of survival.

Cloud 92 aka cybertrooper, quote me the exact written article in the aforementioned "social contract" that states that citizenship for non-malays were granted on condition of, to be specific, giving away of 30% of whatever equity built by the non-malays. And I am pretty sure you will ignore my above request because there is no such article. it never existed. The NEP was a policy constructed to assist the Malays to attain more equitable distribution of wealth, and was to be reviewed after 20 yrs. That was in 1991. The contract, if ever there was any, was for a limited period of time. There is nothing in the constitution that says Bumis are entitled to a share of non-BUmi's equity for perpetuity. But then you already know that. But you would rather act ignorant and believe what ever you want to believe. Or perhaps you're just another cybertrooper selling your soul for pittance.

To be honest, it is pathetic to see all this posturing and threatening and twisting of facts. Malays are a noble race, but I don't see those traits in your comments.

Dear Faisal, I like your comments. You know something? NEP is like the strokes that a golfer gives to a lesser skilled player. The number of strokes depends on their official handicaps. So in this case the handicap has all the time stayed at 24 on the one hand while the other player is being pushed down almost to scratch and also remains there. So forever and ever 24 strokes are given for the game. Now even worse. they are creating negative handicap of the better player and have raised the other to 36! Even then when all is still lost, they cheat on their score cards. So how to lose?

Higher Education Minister? This piece of cow dung talks and behaves like he did not even go through LOWER KINDERGARTEN. Nowadays, it's rare to find THIEVES who tell their victims to be thankful for them STEAL only a certain percentage of their belongings. Oi cow dung, use the money the government sucks from the public to buy some dictionaries for your joke of a department before you decide to open your mouth again. Go look up the words THIEF and STEAL. Don't forget, we're paying your salary. We did not pay you to talk rubbish. If that's all you can do, I suggest you stop wasting our hard earned money.

Higher education minister my a$$. Can't even do your job properly, wanna get your share of free publicity? Look at the state of our 'great' universities. Rubbish, just like the higher education minister himself. As the saying goes, AN EMPTY VESSEL MAKES THE MOST NOISE.

This social contract argument is only valid if this country is not a democracy.

If in a democracy, the majority decides to keep this law then so be it.

But in a democracy, the minority can also try to convince other to their view.

And this idea of demanding a share just because you are the favored race and in so doing contribute nothing to the business, what kind of concept is this? Can this company become competitive with a 30% handicap. Is it fair to handicap businessman who could help develop the country.

Cloud 92 aka cybertrooper is showing the ugly (or the true) side of UMNOputras. Yep! Issuing warning like "Don't play with fire" when he/she seemed to run out of points in any given discussion. Grow up!

cloud 92 you are clouded by sentiments but you know that you are being taken for a ride by your own camouflaged fighters in disguise who are infact sucking you up to feed some selected cronies.Please get your facts before opening your big mouth. Appreciate the contributions by the non malays towards our nation building and dont treat us, as a leech infact all of us are migrants somehow or rather.

eddie,

r u getting anything significant from this 30% equity policy? anything signfcnt from other NEP policies? if ur not then don defend them 2 much. i'm a malay 2, i don get much from these 2 policies meant to help all malays regardless. surely ur not blind enuff to c that these 2 policies only benefit the hi-up UMNO malays alone n not even the laymen UMNO malays. and it has bn going on for decades.

if ur among those hi-up UMNO malays,well n gud for u. if not don shout 2 much,these people r making super big bucks from these 2 policies, r u?

and don tell intelligent people to go fky kites when they r giving an intelligent discourse.

i must admit,ur views are worth reading and noting 2 though it doesnot augur well wt the majority readers. just drop any 'go fly kite' comments then u'l be better appreciated.