Saturday, June 30, 2007

Pak Lah Disappointed Bumis Yet To Achieve 30 Pct Share Of Economy. Is This A Prelude To More Discrimination?

Prominent in today's Bernama news is the lament by our Prime Minister that Bumis are not performing as the government had expected. This report follows.
Prime Minister Datuk Seri Abdullah Ahmad Badawi today expressed his disappointment that Bumiputeras had yet to achieve 30 percent equity in the local economy due to their weak business management.

He said it had been the government's objective and "obsession" since the implementation of the New Economic Policy, to see to the achievement of 30 percent equity by the Bumiputera community. But this had not been achieved, he lamented.

"I don't have to go into length about this (the failure) as the Bumiputera business community is even more aware of it," he said in his speech at the Malaysia Malay Chamber of Commerce (DPMM) Entrepreneur Awards presentation, here.

Abdullah said the building of human capital emphasised the development of a group of professionals and capable Bumiputera managers. "We need those who have the capability to create value and enhance the Bumiputera equity. These are the people we want," he said.

Abdullah said he wanted Bumiputera companies to follow successful companies like Petronas, which had good management and was recognised overseas as among the Seven Sisters or the seven major oil and gas companies in the world.

The prime minister also described Khazanah Nasional Bhd and Maxis Communications Bhd with having good management and as the Malaysian companies to emulate.

Abdullah also called on the smaller Bumiputera companies to merge and form larger entities or consortiums to bid for projects both overseas and locally. He said smaller companies would not be able to move on their own if they wanted to go for big projects.
***** Whenever government bigwigs talk about the Never Ending Policy, especially in disappointed tones which is supposed to reflect their 'sadness' on how poorly the intended recipients are faring, it sends shivers throughout the non-Malay communities in the country. As it is the unprivileged ones are having a tough enough time trying to survive in a government-created hostile business atmosphere, where one has to not only bribe but also take in Malay sleeping partners to qualify for contracts. Therefore any talk of unsuccessful bumi businesses or imagined 'inability' to reach a mirage-like 30% equity can only mean that the sandiwara has or is about to start for the justification of a further extension of the notoriously discriminative NEP.

How can Pak Lah expect sleeping 'businessmen' to overcome their 'weak business management' when everything is given to them on a silver platter? The NEP in its current implementation mode can only succeed in encouraging indolence and
causing narcolepsy among the undeserving recipients, nothing more. Moreover Umnoputras have already helped themselves to huge slices of the economic cake which are probably squirreled away in some very safe and distant place.

The policy at its inception may have had the noble intention of enriching Malays across the board. However, within a few years of its implementation the NEP was hijacked by the leadership at that time and since then the largesse has been spread around among the Umno family as well as some smart non-Bumi hangers-on. The end result is the current situation, where we have some obscenely rich Malays who did not have to work too hard
to get there and a reasonably well balanced middle class, while the rest of the 'historically deprived' Malays are still squatting in square one waiting for the day that providence and pemimpin will smile upon them.

As long as the Never Ending Policy benefits the Umnoputras there is no way it will be modified, watered down or God forbid, removed totally from further implementation. The NEP will continue indefinitely to have pride of place in the history of bad deeds and the dictionary of evil words.

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Anonymous Robin Goodfellow said...

Dear Malaysian. How are you?

I read what you have to say, and whilst I love to agree with you and the gist of your article, I am struck by the fact that there are countless articles which are similar in tone to yours (and perhaps far more inflammatory and agitational in nature). Yet, most of us have failed to make a dent on this despicable policy. Please, by no means am I belittling your article or your efforts.

I believe it is now time for us to think out of the box, so to speak. It is pointless for us address internal issue "internally", but rather "externally". Mr. Thierry Rommel has pointed out a way for us. If the UMNOPuteras think they can squeeze/blackmail other races within, then we must make sure we make every effort to permit outsiders to squeeze/blackmail them without.

11:47 AM GMT+8  
Anonymous Anonymous said...

Pak Lah should learn from Abraham Lincoln's observations on good governance(oops... slipped my mind, Pak Lah doesn't read.)

1) You cannot bring about prosperity by discouraging thrift.

2) You cannot strenghten the weak by weakening the strong.

3) You cannot help the wage earner by pulling down the wage payer.

4) You cannot further the brotherhood of man by encouraging class hatred.

5) You cannot help the poor by destroying the rich.

6) You cannot establish sound security on borrowed money.

7) You cannot build character and courage by taking away man's initiative and independence.

8) You cannot help men PERMANENTLY by doing for them what they could and should do for themselves.



11:53 AM GMT+8  
Anonymous Anonymous said...

Like a broken record keeps repeatedly being played. It's therefore appropriately labeled as "The Never Ending Policy". In November later this year, Malaysians would again listen to the "roars and groans" at the UMNO AGM. And the process keeps repeating year in and year out. Bottomline: This country can never progress as long as the mighty and powerful cronies and hegemony keep hijacking opportunities meant for the deserving and the poor irrespective of racial divide. These racial and divisive racist policies constitute the single most destructive "drug" that makes this nation economically impotent and corrupt ...and equally so, propel by the unwise ruling leadership.

11:53 AM GMT+8  
Anonymous Anonymous said...

"A government that robs Peter to pay Paul can always depend on the support of Paul."
George Bernard Shaw

The NEP must stop!

Vote BN not!

4:17 PM GMT+8  
Anonymous Anonymous said...

The NEP - call it the New Economic Policy, Never Ending Policy or Never Enough Policy, will be there to stay.Does Umno has any new idea since independence to hang on to power in perpetuity other than this 30% stuff? Umno has achieved that long ago. But they are not sharing it with other bumiputras. They hide their money outside the country - South America, Africa, Latin America and other not so open economies. Swiss bank in no longer the choice for reasons you and I know.
In every Umno meeting, they talk about this this illusive 30%.Get very emotional about it. Blame everyone else and everything else, except their greed, their incompetence and their laziness. One even suggested that the world had owed them 500 years of god knows what.
Wake up! Umnoputras - you want to be rich, you want to have good life, you must work for it. WORK FOR IT. Learn from history. Learn from other races.Learn from your neighbours. You need not send yourselves to some African countries, watch sexy ladies do belly dances, spend alot of tax payers' money and come back with a blank mind.
Here are a few simple steps for Umnoputras and our dear prime minister to follow and results shall be guaranteed:-
1. Work a little. Nothing is free.
2. Study harder to improve your mathematics.
3.Don't be too greedy and learn to share.
4.If you have lots of money to spend, spend some of it at home so that other poor Malaysians can pick up a little of your left-overs.
5.Don't just talk and ask for more, do something constructive.
If you don't help yourselves, even god could not.

5:17 PM GMT+8  

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