MM Online - Dr M: Bumiputras don’t know how to handle money, spend frivolously (extracts):
KUALA LUMPUR, March 30 — Prime Minister Tun Dr Mahathir Mohamad has lamented that his fellow Bumiputras are not efficient when it comes to managing their finances, and tend to spend on unnecessary things.
This, he said, is why the existing 30 per cent Bumiputra shareholding quota in listed companies is necessary. [...]
However, he said that the Malay community is marginalised as they do not receive contracts from the private sector and cautioned of a greater disparity between races.
He said that without the direct negotiation practice or limited tender, “almost invariably the Malay companies fail”.
“Invariably, if anyone in the private sector wants to build a bridge, the Malay companies never get it, except when they are attached to some non-Malay companies,” Dr Mahathir said, lamenting that the alleged practice is also not questioned.
“The private sector contracts do not go to the Malays and the government contracts also do not go to the Malays. What you are going to see is greater disparity between the races,” he added.
As we can see (or read), Mahathir today is still the Mahathir of yester-years, singing the same old ketuanan song of racist affirmative actions, "Malay privileges" and apartheid economics.
60 years have gone by and he's still talking cock to justify the two-tier socio-economic divide of "New" Malaysia.
Why lament about the private sector as if there is no Malay involvement in the sector? We know the government sector is virtually 100% Malays only whilst the private sector today is abundant with Malay tycoons like:
(a) Kamarudin bin Meranun, Chairman of AirAsia and CEO of the Tune Group,
(b) Norraesah Mohamad, MyEG and Asia Internet Holding,
(c) Syed Mokhtar AlBukhary, MMC Corp and automaker DRB-Hicom,
(d) Abdul Kadier Sahib, Serba Dinamik Holdings,
(e) Mohd Abdul Karim Bin Abdullah, also of Serba Holdings
(e) Mohd Abdul Karim Bin Abdullah, also of Serba Holdings
etc, not forgetting Mahathir's own billionaire sons.
And if they ignore their own Malays, why blame the nons?
KUALA LUMPUR, Aug 30 — Tun Dr Mahathir Mohamad predicted today that there would be an escalation in racial tension and division should NEP-style policies be removed, likening the situation to the Communist revolution in Europe.
He stressed that the time was not right to introduce any policy which would “disregard the disparities between races in the interest of equity and merit.”
“Take away the minor protection afforded by the NEP and the bumis will lose whatever that they may have. Then racial division will be deepened by wealth division. I don’t think this would be good for the country. Remember it was the disparity between rich and poor in Europe which led to the violence of the Communist revolution.
“I may be labelled a racist but fear of the label will not stop me from working for what I think is the good of the country. Nothing will be gained by dividing the people of Malaysia into poor Bumis and rich non-Bumis. The time is not right for disregarding the disparities between the races in the interest of equity and merit,” said Dr Mahathir in a posting on his blog today.
The former PM continued his stout defence of the pro-Bumiputera New Economic Policy (NEP) style policies in his blog post, by suggesting an indefinite continuation of affirmative action programmes.
The former prime minister admitted today that he was “not proud” of the NEP which accorded protection to the Bumiputeras, but stressed that such protection was still necessary and that a 20 year-timeline was not enough for Malays to be economically on par with other races.
Malaysia’s NEP, put in place in 1971, officially ended in 1990, but many of its programmes are still being continued. Prime Minister Datuk Seri Najib Razak has said he plans to remove subsidies and many of the pro-Bumiputera quotas under economic reforms. But Dr Mahathir and many Malay groups are opposed to the removal of quotas and equity targets, despite evidence suggesting Malaysia is being handicapped economically and is less competitive globally as a result of such policies.
“I am not proud of the protection afforded the Bumiputeras. It implies weakness. I don’t think Malays and other Bumiputeras like to think that they are inferior in any way.
“But the reality is that in Malaysia the Bumiputeras need new skills and a new culture even. These cannot be had by them in a mere 20 years. The original planners of the NEP were too optimistic,” said Dr Mahathir in a blog posting today although he did not provide or suggest a time frame in which the NEP would no longer be needed.
He stressed that the time was not right to introduce any policy which would “disregard the disparities between races in the interest of equity and merit.”
“Take away the minor protection afforded by the NEP and the bumis will lose whatever that they may have. Then racial division will be deepened by wealth division. I don’t think this would be good for the country. Remember it was the disparity between rich and poor in Europe which led to the violence of the Communist revolution.
“I may be labelled a racist but fear of the label will not stop me from working for what I think is the good of the country. Nothing will be gained by dividing the people of Malaysia into poor Bumis and rich non-Bumis. The time is not right for disregarding the disparities between the races in the interest of equity and merit,” said Dr Mahathir in a posting on his blog today.
The former PM continued his stout defence of the pro-Bumiputera New Economic Policy (NEP) style policies in his blog post, by suggesting an indefinite continuation of affirmative action programmes.
The former prime minister admitted today that he was “not proud” of the NEP which accorded protection to the Bumiputeras, but stressed that such protection was still necessary and that a 20 year-timeline was not enough for Malays to be economically on par with other races.
Malaysia’s NEP, put in place in 1971, officially ended in 1990, but many of its programmes are still being continued. Prime Minister Datuk Seri Najib Razak has said he plans to remove subsidies and many of the pro-Bumiputera quotas under economic reforms. But Dr Mahathir and many Malay groups are opposed to the removal of quotas and equity targets, despite evidence suggesting Malaysia is being handicapped economically and is less competitive globally as a result of such policies.
“I am not proud of the protection afforded the Bumiputeras. It implies weakness. I don’t think Malays and other Bumiputeras like to think that they are inferior in any way.
“But the reality is that in Malaysia the Bumiputeras need new skills and a new culture even. These cannot be had by them in a mere 20 years. The original planners of the NEP were too optimistic,” said Dr Mahathir in a blog posting today although he did not provide or suggest a time frame in which the NEP would no longer be needed.
He said all that while his own family lived in ostentatious affluence and wealth.
We have had enough of his ketuanan policies of yester-years. No more please of your racist Never-Ending Policies (NEP).
R u questioning the mamak, who r the chief architect of the ketuanan nep?
ReplyDeleteHe knows NOW what monster he have created out of his then ignorance about the adaptability & versability of the melayu on tongkat.
He is lost in action NOW:
1) no more absolute power in doing WHAT he so wanted to correct within the time allowed for him
2) the tongkat addiction is so massive & pervasive within the melayu that at least 2 generations of melayu r not known to be able to berdikari but just 'demand' constantly & continuously on been giving tongkat in order to survive!
His family members included in such dilemma.
Criticise is simple, mostly just farting away.
Real solution to overhaul m'sia, especially the deeply spoiled melayu psychic, needs draconian approaches with long & hard suffering cold turkey treatments.
R the melayu masses READY for such a mental reset?
U have a better solution?
Thus, all farts lah!
which dap leader is suffering?
Delete???
DeleteRD, again!
Toonsie is still reading from his 60s “The Malay Dilemma” script which he tried to implement in the 80s and 90s but failed. Now 30 years later he still has no new solutions. Time to go...tic toc tic toc....
ReplyDeleteAnother same old story is that “Malaya robs Sabah and Sarawak” of its money and resources. That’s why they are so poor.
That’s only partially true.
Much of their wealth, particularly from timber, minerals and land were stolen by their own leaders, just look at the riches accumulated by Sarawak politicians past and present (I don’t need to name them). The timber tycoons are all Sarawakians. The ongoing court cases involving past Sabah politicians with unexplained money flows to HK is just the tip of the iceberg.
And then their politicians cleverly whip up a frenzy amongst the poor locals, complaining and blaming Putrajaya for not giving them enough oil royalties, that’s why they are so backwards and are left behind.
Hogwash.
Their own tycoons (in cahoots with their politicians) are just as responsible for their poverty, if not more responsible. If Putrajaya gives 20% royalty there is every possibility that they will swipe this money too. The crocodiles are even bigger over there.
Toonsie is disappointed that there are only 8 Malays in the Top 50 richest, according to Forbes; the richest is at #12 Syed Mokhtar Al Bukhary and his son Mokhzani way down at #44.
ReplyDelete#1 Robert Kuok
#2 Quek Leng Chan
#3 Teh Hong Piow
#4 Ananda Krishnan
#5 Lee Shin Cheng
#6 Chen Lip Keong
#7 Lim Kok Thay
#8 Lau Cho Kun
#9 Koon Poh Keong, Poh Ming & Poh Weng
#10 Kuan Kam Hon
#11 Francis Yeoh & siblings
#12 Syed Mokhtar AlBukhary
#13 Jeffrey Cheah
#14 Lim Wee Chai
#15 Surin Upatkoon
#16 David Kong
#17 G. Gnanalingam
#18 Lee Oi Hian & Hau Hian
#19 Ngau Boon Keat
#20 Goh Peng Ooi
#21 Tiong Hiew King
#22 Yaw Teck Seng & Yaw Chee Ming
#23 Desmond Lim Siew Choon
#24 Vincent Tan
#25 Ibrahim Syed Azman
#26 Ninian Mogan Lourdenadin
#27 Lim Kang Hoo
#28 Cheah Cheng Hye
#29 Danny Tan Chee Sing
#30 Lim Peng Cheong & Peng Jin
#31 Ahmayuddin bin Ahmad
#32 Tony Fernandes
#33 Kamarudin Meranun
#34 Azman Hashim
#35 Kua Sian Kooi
#36 Lim Han Weng
#37 Patrick Grove
#38 Anthony Tan
#39 Ong Leong Huat
#40 Mohd Abdul Karim Abdullah
#41 Kong Chong Soon
#42 Leong Kok Wah
#43 Wong Teek Son
#44 Mokhzani Mahathir
#45 Loh Kian Chong
#46 Yong Pang Chaun
#47 Teong Teck Lean
#48 Wong Thean Soon
#49 Abdul Kadier Sahib
#50 Leong Hoy Kum
re your "Toonsie is still reading from his 60s “The Malay Dilemma” script which he tried to implement in the 80s and 90s but failed", NO, he did not fail, which precisely has been why he ironically screwed up the Malays especially those who sucked from his gravy train
ReplyDeleteI wonder which race or religion whoever one belongs to ever know how to handle monies and not spend frivolously if it is not earned thru one's sweat and tears?
ReplyDeleteEven children knows that the easiest and simplest method to get anything is to just ask and throw tantrums.
When are such people ever stop been leeches, beggars and loafers.
just his decades old excuse - he can't stand the thought of Malays being poor-ER than Chinese
Delete