Wednesday, October 11, 2006

asli report


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Is it 30 -19-45% owned by the bumiputras? The government policy required that 30% equity must be given to the bumiputras. In this way the government hopes that the equity of richness can be shared amongst the races but the government gives a leg up to the Malays. Every wealth distribution the government spoonfeed the bumiputras until it has become a norm. When Asli report came out, the government(read UMNO) dismissed it as "rubbish" or "wrong facts wrong conclusion" The government should tabulate its own statistics to challenge the report in Asli. It is no use saying something when there is no hard data to support an argument or call the other party bluffing. If I look at the policy itself, it means the bumiputras share is always at 30% or more. When the bumiputras sell their shares, the government or UMNO cannot say the equity share has not been achieved yet. If the Malays want to sell their shares, they should sell it to the Malays. In this way the equity stake will remain as 30%. Like the wakaf land, it can be sold to the Malays or a company majority holds by bumiputras. The government says it is 18.9%. Why it happens? Another the government says it doesnt include GLCs which it claims is meant for all Malaysians. But look at the Board, managers, workers all are majority Malays so what is meant for all Malaysians? These GLCs will deal with bumiputra companies by government policies. So I believe the Asli report. As I always say truth hurts. Dont hide behind a lie. Policy says 30%, government says 19% Asli report says 45% In this case 21% equity shares sold for profits by the Malays or bumiputra companies.

Malaysia.....mana ais milo????????????

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