KUALA LUMPUR, July 1 — Datuk Seri Abdul Hadi Awang today rejected the government’s plan to drop the 30 per cent Bumiputera equity requirement for Malaysian firms seeking public listing.
The PAS president believes that the time is not yet right because the Malay community is strong enough to face economic challenges.
“What was proposed before has not been achieved yet. We want equality for all races but at the same time, the Bumiputeras must be given the strength,” he told reporters in parliament today.
Hadi also stressed that the community is still at a disadvantage because they lack infrastructural facilities which in turn narrows education opportunities.
“Because they are still left behind not only in experience but also economy and education. We have to realise that rural towns still lack the facilities and they have not yet been given the chance to catch up to the development enjoyed by other communities staying in urban areas,” he added.
Datuk Seri Najib Razak announced yesterday that the government will drop the 30 per cent Bumiputera equity requirement for Malaysian firms seeking public listing, the cornerstone of the New Economic Policy (NEP), but they will now have to offer 50 per cent of the public shareholding spread to Bumiputera investors.
Najib also plans to cut the powers of the Foreign Investments Committee (FIC), immediately repealing its guidelines covering the acquisition of equity stakes, mergers and takeovers.

written by angryaboutanything, July 01, 2009
Hadi, how many friends of yours in Kelantan were the one "invited" to be local partners by foreign firms?
written by Mozzie, July 01, 2009
Hadi stop playing this racial BS, all Malaysian need help not only Malays. Wah lau cannot tahan!
written by xt, July 01, 2009
written by Rakyat Supremacy, July 01, 2009
written by Bumiputra yang Miskin, July 01, 2009
Ya Betul Dtk Hadi,
Malays esp Rural Malays and Rural Bumiputra of Sabah and Sarwawak should be given opportunity to acquire 30% equity but Definately not UMNOPUtra.
written by Joe Ang, July 01, 2009
written by Theodore, July 01, 2009
written by Andrew, July 01, 2009
His thinking is:
SOME Bumiputeras are poor.
Therefore, ALL bumiputeras must be given monetary assistance.
That's non-sequitor logic.
If you want to treat everybody equally, then please just do so. It's not hard. There are poor people from all races.
written by wendy, July 01, 2009
Ironically, by artificially boosting the Bumiputera's via quota and 'rights' without a price imposed, you are actually forcing the non-bumiputeras to improve on their resourcefulness, competitiveness and flexibility in order to survive in your unbalanced playing field.
30% or 50%. 50 years or a hundred. You can fatten them up all you want.
At the end of the day, a well fed, domesticated goat cannot win against the hungry lion.
written by yv, July 01, 2009
written by buford78, July 01, 2009
I thought PAS is with DAP and PKR in abolishing the NEP??? aiyo yo!
what is up with him and PAS? PAS Championing Malay rights? Since when? I thot they fight only for Islam and Islam is against nationalisme????
written by durian besar, July 01, 2009
---------------------------------------------------------------------
Under achievement is not the Malays' fault. It is the fault of whom who manage the country.
UMNO (yes UMNO and UMNO only, no other to blame) connected politicians get rich, rapid rich and super rich by abusing NEP. They let the the ordinary Malays rot in the rural and the kampung.
30% of the economy pie has been reaped by "Malays", as believed and proven by many economists. It is only too bad that those "Malays" who reaped the 30% are only the elite group of UMNO-putras.
The question is, what do we do now? Do we continue to let UMNO abuse the NEP, squeeze the blood and sweat out of other ethnic groups, squander away the natural resources? Mind you, the blood and sweat of other ethnic groups are drying up fast, having to suffered from constant sucking and exploiting by UMNO-putras.
What if there are no Chinese, no Indians, no Iban, no Kadazan left in the country? What if the rest all pupus and Malays are the only race left in the country? Whom are you going to squeeze from?
OR~ we change the government, throw away UMNO and the BN natangs. We recover the huge astronomical wealth that UMNO and BN natangs have stolen from us and we share the wealth in fair and square ways.
If anyone from PAS is stilling thinking of colluding with UMNO so to have a share in exploiting the country, they might as well go and join UMNO, like what Tuk Aziz said.
written by anak malaysia, July 01, 2009
is pointless to protect bumi since malaysian still weak.
written by JaguhKampung, July 01, 2009
written by No value, July 01, 2009
Hello Hadi, (sudahkah tuakah?) The Government just replaced giving 30% Bumiputera equity with 50% Bumiputera equity. (Sure the current system better benefits the UMNOputra more now, since the current system requires money to make more money). But since most malays equate
UMNOputra == orang melayu, the current system has benefits the "Malays" even more.
THis "NNEP" helps the malays/umnoputra even more. Do the Malays need even more help, more sokongan from the Non-malays?
written by Abdul 'Afuw, July 01, 2009
That's why I don't trust Hadi Awang. He has the same mindset as Umno leaders. Nik Aziz is a true Pas leader and is trusted by all. That's why Pas Kelantan is different from Pas Terengganu.
written by Concerned citizen, July 01, 2009
written by ktteokt, July 01, 2009
written by analysis, July 01, 2009
written by baru tahu..., July 01, 2009
Thank you for giving the "good idea" again and again.
written by Viratta, July 01, 2009
written by Akam, July 01, 2009
written by mira, July 01, 2009
written by Leong HL, July 01, 2009
written by RoastedBrain, July 02, 2009
written by nkkhoo, July 02, 2009
Bumi is already having slighly more than 40% in KLSE in term of market value. 19% bumi share figure given by Nazi-like Najib is based on face value of the stock.
Your purchasing power is based on the present value or market value, not face value isused at 20 years ago.
written by swipenter, July 02, 2009
written by Malaysian, July 02, 2009
written by Viratta, July 02, 2009
Isn't it better that the government teach them how to fish and they can feed themselves forever?
This is the logic of becoming a normal human being on this earth. 30 over years of priviledge has become a delima to the bumis that only benefit the minority. Why need to continue?
Hadi should think about this issue before giving any remarks.
written by Rakyat Supremacy, July 02, 2009
This just show that not only Malay is intelligent, they are more shrewd than Chinese. LOL.
written by chuankeat, July 02, 2009
why r those who abused the system not punished? but given more power.
Kudus has ben punished. Pl punish all others.
written by ignorance, July 02, 2009
Please Hadi...use ur brain to think b4 u speak...
written by isa rahim, July 02, 2009
written by Kasim, July 02, 2009
written by Lim Ah Kow, July 02, 2009
written by change28, July 02, 2009
There is no reason why the rest of the world should refuse to help the "weak".
written by Hungry Malayan Tiger, July 03, 2009
I can not to be lazy. I am always angry and hungry. Forced to be the top of the food chain. But I rather be this way. I enjoy the commanding view. A farm fed goat will never stand a chance against a Malayan Tiger, half mad from starvation. It is the natural order of things.
So Hadi, enjoy the NEP. It breeds tigers that will always forever tower over you.
written by confused, July 15, 2009
Were going to u-turn our votes to BN if PR do not wise up. At least BN start to show
willingness to change slowly.
Impossible to support this party anymore......no wonder in MU..majority is 65 votes.





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