Wednesday, November 08, 2006

The Truth Has Prevailed, Never Ending Policy Continues

Bumis own 36.64% of listed companies - The Sun, 8th Nov 2006
  • Bumiputra equity ownership of the 912 companies listed on the main and second boards of Bursa Saham Malaysia (BSM) stood at 36.64% and valued at RM78.4 billion as at Dec 31 last year. Deputy Finance Minister Datuk Dr Awang Adek Husin revealed this in the Dewan Rakyat today in reply to a question from Gua Musang MP Tengku Razaleigh Hamzah.
  • "The methodology in any research undertaken is based on the belief and understanding of the said researcher," he said.
  • "However, the methodology used by us (the governement) is more all encompassing and fairer in giving an overall picture to reflect our country's economy."
  • "The 30% is the minimum objective. If we follow the racial composition, it has to be 60%. If we want to look at this emotionally, then we (bumiputra) are also not satisfied," he said.
  • Asked by Chong Chieng Jen (DAP-Bandar Kuching) whether the deputy minister has meant the government will continue with the NEP even if it has achieved 30%, he said: "Under the 9MP and Vision 2020, our achievement is to be fair to all races. We have to make sure that the policy earlier has to be realised."

The truth has prevailed, it is not the number that matters, because not matter how hard you debated the figure, it depends on the "belief and understanding of the researcher", according to "Abang Adik", which for layman like us, he means "do not question".

Government claimed that their computation includes a larger pool of companies, apart from companies from first and second board, but when are they going to reveal that figure? It puzzles me seriously that a ready statitics need to go through so much closed door discussion before it can be made known to public. Anyway, after much debate, the target has just been raised to 60% because it is meant "to be fair to all races"? As a non-Bumi, when have we received a fair treatment?

Am I worked up? You bet I do. I have worked so hard to excel academically and also in ECA activities, but still not good enough to secure any scholarship to get through the hardest time of my family during my university years. Yet, it is piece of cake for my Bumi classmates to get theirs for studying in foreign countries with their less than desirable results. Ask around those who have studied in the same oversea universities with our kampung jaguh, and you will know how they are pampered with exorbitant amount of scholarships.

From a police state, Malaysia has just turned into Communist state. After all, it is just fair distribution of wealth by population ratio. In other words, it means when our equity went lower than the supposed ratio, we will be given special priviledges too (I supposed), and Bumi will have to part some of their shares to us so that it is fair and equal. No need to work so hard, my friends and families, all of us will get the fair share of this sweet little pie end of the day.

Link: Let's Grill The Number, Buying Time, Brain Drain, True Man With Courage - Dr Lim Teck Ghee, Backing Down, Finally


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