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#1 (permalink) | |
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Postmaster General
Military Professional
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Malaysia caught between a rock and a hard place
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There is a lot of discrimination in Malaysia on the racial issue vs the Malay and that too, Malay Moslems only, who are the privileged class. Notwithstanding, the Chinese still controls Malaysia's economy and thus the state has not become a total Moslem fundamentalist one. The people are still free and carefree and swinging! But that too is changing! Malaysia also is becoming an important input in the global geostrategic milieu owing to its proximity to the Straits of Malacca. Interestingly, fundamental elements from Saudi Arabia, Pakistan and Bangladesh are making inroads into Malaysia. All these aspects will play a role in shaping the Malaysian policy and it will be interesting to watch how globalisation iron out the discrimination as also prevents it from getting fundamentalist Moslem. .
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![]() "Some have learnt many Tricks of sly Evasion, Instead of Truth they use Equivocation, And eke it out with mental Reservation, Which is to good Men an Abomination." I don't have to attend every argument I'm invited to. HAKUNA MATATA |
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#2 (permalink) |
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Regular
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Nice to see you post one of Dr. Farish's works here, Ray.
While most of what he says is quite damning and true, this advice is hardly going to be taken to heart by the UMNO elite. They have their own followers and interests to protect. If that means gaining profits over the short term at the expense of the country in the long term, they'll still do it. You'll never see another shorter-sighted bunch than this. Their self-destructive and shameless rent-seeking policies are the main reason why tons of non-Malays are emigrating overseas. No one wants to be tied to a dying horse where you're a second-class citizen in all but name. |
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#3 (permalink) | |
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Contributor
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but this is half story. malaysia is having dependence on singapore for technology transfer where chinese are dominant. chinese businessmen of malaysia have pretty good link with singapore for new and advanced technology. this is worth mentioning that the richest man of Malaysia (and also of whole ASEAN) is an Indian, Anand Krishnan with total worth of about $5bn, who is running a telecom business. means indians are also somewhere there. also the way her neighboring country like thailand has done many military operations against the muslims of its southern parts, malaysian politicians couldn't get that much morale over non muslims of her country. and here if we compare India with whole ASEAN, including malaysia, singapore, thailand, indonnesia and all, total GDP of ASEAN comes around $2,800bn while that of India is around $3,800bn with a better growth rate than that of ASEAN. and with growing share in international trade with two aircrafts carrier and advanced aircrafts with other military equipments, india is on the competition with china for the role of big brother of whole ASEAN in future. i guess Indian role in this region will be more cleared after 2020-22. Last edited by santosh tiwari : 11-12-2006 at 09:10 AM. |
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#4 (permalink) | |
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Regular
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Something quite in line with what the Brigadier posted initially.
While Malaysia fiddles, its opportunities are running dry. Quote:
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#5 (permalink) |
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Military Professional
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Tiwari ji, it's not Dharthi Putra, native malays are called BhumiPutra...
Recently the Singapore leader Lee Kuan Yew got into a spat with Malaysia over the marginalization of the Malaysian Chinese......
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Seek Save Serve Medic |
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#6 (permalink) | |
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Tamizhanban
Senior Contributor
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Thanks Longshot, this is so true. I noticed it when I went to Malaysia, I couldnt control my smile. Same thing with Petronas towers, the guide was telling us that they built the towers in record time or something like that, some one in the group immedieatly asked, is the office space so much in demand here at KL and whats the occupancy rate in the towers at present, the guide did not like that question, nor he answered it
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A grain of wheat eclipsed the sun of Adam !! |
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#7 (permalink) |
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Tamizhanban
Senior Contributor
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Ive read about the Bhumi Putra led companies, which were given billions of dollars by Mahathir's govt to stay afloat and finally almost all of them went belly up. Only very few of Mahathir's handpicked Business Captains were able to turn around the ship, I think Francis Yeoh and T. Ananda Krishnan did well, incidently they both are non-malays and Ananda Krishnana went on to become a billionaire.
From Wikipedia.. Certain pro-bumiputra policies known as the Bumiputra Laws exist as a means of affirmative action for bumiputras. Such policies include quotas for the following: admission to government educational institutions, qualification for public scholarships, positions in government and ownership in business. Most of them were established in the Malaysian New Economic Policy (NEP). Examples of such policies include: * Companies listed on the Kuala Lumpur Stock Exchange (Bursa Saham Kuala Lumpur) must find Bumiputras to take up a minimum 30% of equity to satisfy listing requirements. MSC status companies listed on MESDAQ (Malaysia's latest stock exchange, modelled on the NASDAQ and other 'tech' stock exchanges) are not subject to this requirement. * A certain percentage of new housing in any development has to be sold to Bumiputra owners. Housing developers are required to provide a minimum 7% discount to Bumiputra buyers of these lots. There is no bumiputra discount on established housing. * A basket of government guaranteed and run mutual funds are available for purchase by Bumiputra buyers only. * Many government tendered projects require that companies submitting tenders be bumiputra owned. This requirement has led to non-Bumiputras teaming up with Bumiputra companies to obtain projects in a practice known as "Ali Baba" where Ali (the Bumiputra) exists solely to satisfy this requirement and Baba (the non Bumiputra) gives Ali a certain sum in exchange. * Projects were earmarked for Malay contractors to gain expertise in various fields. Often these projects would be sold as the bidders were not interested in the work, only in the gains that could be made from winning such a tender. * Approved Permits (APs) for automobiles preferentially allow Bumiputra to import vehicles. Automotive companies wishing to bring in cars need to have an AP to do so. APs were originally created to allow Bumiputra participation in the automotive industry since they were issued to companies with at least 70% Bumiputra ownership. In 2004, the Edge (a business newspaper) estimated that APs were worth approximately RM 35,000 a piece. They also estimated that Nasimuddin Amin, chairman of the Naza group received 6,387 for 2003, making him the largest recipient of APs. 12,234 APs were issued in 2003. In addition to APs, foreign car marquees are required to pay between 140% to 300% as an import duty. From Business Week: For more than three decades, anyone doing business in Malaysia has needed to understand at least one word of Malay: Bumiputra. Literally, it means "son of the soil," but it refers to Muslim Malays, who make up just over half of Malaysia's population and who enjoy big advantages over the country's ethnic Chinese and Indian minorities under sweeping affirmative-action regulations. Universities reserve seats for Bumiputras. When you set up a company in Malaysia, Bumiputras must own 30%. When a Malaysian company goes public, 30% of the shares must go to Bumiputras--at a discount. Can't find a partner? The International Trade & Industry Ministry will give you a list of "approved Bumiputras" to whom you must sell--or give--a stake. Affirmative action, better known as the New Economic Policy (NEP), has been carved in stone in Malaysia for 32 years. It was implemented in 1970, the year after Malays in Kuala Lumpur rioted for five days, attacking ethnic Chinese businesses and killing nearly 200 people. A primary cause of their rage: Virtually every sizeable Malaysian company was under ethnic Chinese ownership or management. That bedrock policy may now be shifting. In June, Prime Minister Mahathir Mohamad stunned Southeast Asia by disclosing his plans to retire next year. But a Mahathir speech two days earlier has kept Kuala Lumpur equally abuzz: On June 20, he hinted it may be time for affirmative action to give way to "meritocracy." Why? Because the NEP hasn't created the economic advancement he had hoped. "I feel disappointed because I achieved too little of my principal task of making my race a successful race, a race that is respected," Mahathir said. Mahathir's office didn't respond to calls, e-mails, and faxes seeking comment for this article. Yet analysts, executives, and diplomats in Kuala Lumpur have been parsing the meaning of his speech. The general conclusion: Mahathir wants to phase out the NEP. Weaning 11 million Bumiputras off affirmative action is likely to be a delicate task. For starters, the program hasn't been a total failure, despite Mahathir's dismay. The World Bank credits it with reducing poverty among Malays to 8% in 1995, from 50% in 1973. The NEP "was a partial success, [but] not a complete success. There is still a lot of unfinished work," says Mohamed Ariff, executive director of the Malaysian Institute of Economic Research. Then there's the political dimension. Malays are probably not angry enough to take to the streets and attack ethnic Chinese. But some still fear that the youth wing of Mahathir's party, the United Malays National Organization (UMNO), could forment unrest. If the NEP were to be dismantled, "there would be a lot of resistance from the Bumiputra community," says the head of research of a Malaysian brokerage. Yet if Mahathir can pull it off, phasing out the NEP could do Malaysia far more good than harm. Many argue that the NEP has discouraged investment and stifled job creation. And it hasn't helped raise the profile of Bumiputra businessmen. Of the top 10 companies listed on the stock exchange, seven are state-controlled and three are ethnic Chinese family businesses. Only 19% of corporate equity in Malaysia is in Bumiputra hands--far shy of the NEP's 30% target. The NEP has also cost the government plenty. Since its inception, Malaysia has spent billions of dollars on public-works projects in Bumiputra-dominated rural areas. Discounts given to Bumiputra shareholders on equity in state-owned enterprises that went public in the 1980s cost billions more. But few of the companies are internationally competitive. "We did not create businessmen who could cope with the crisis that emerged in 1997," says Edmund Terence Gomez, professor of economics at the University of Malaya. Privatized state companies such as Malaysia Airlines and automobile assembler Perusahaan Otomobil Nasional (Proton) have been driven into the ground by CEOs whose chief qualification appeared to be that they were Bumiputras. The recent near-collapse of engineering company Renong--a bastion of Bumiputra patronage--spurred a purge of Bumiputra businessmen by Mahathir himself. Mahathir has long recognized that foreign investors might object to the Bumiputra rules. In the late 1980s, the government created special export manufacturing zones where multinationals such as Intel Corp. and Motorola Inc. set up shop. Among the attractions: They don't require Bumiputra partners. Raising enough support from within Mahathir's party to dismantle the NEP may be tough. Half of Malays voted against UMNO in the last election, in November, 1999. Today, party leaders fear losing even more ground by revoking the NEP, Western diplomats say. And with Mahathir stepping down, his anointed successor, Deputy Prime Minister Abdullah Ahmad Badawi, may not be strong enough to take the political heat for such a dramatic change. But Mahathir has started dismantling the NEP on his own. In April, he shot down a proposal that private universities--mainly serving non-Bumiputras--reserve 10% of their seats for Bumiputras. At the same time, he proposed that the language of instruction in math and science be changed from Malay to English. Mahathir also discontinued quotas that guaranteed Bumiputras 55% of the seats at national universities. But in June, on the first day of classes for the new academic year, professors were dismayed to find that 60% of their students were Malays. That led some to conclude that even if Mahathir wants to ditch affirmative action, bureaucrats--virtually all ethnic Malays, due to the NEP--are still clinging to it. Even with reform in place, it will take years to reverse the policy's effects. Many young non-Bumiputras simply don't bother to apply for higher education. Other ethnic Chinese and Indians go to school overseas--and sometimes don't come back. Those who do return are often unhappy that they had to leave in the first place. "You tolerate the situation partly because you look for an excuse not to hate it," says Stephen Gan, an ethnic Chinese who studied in Australia and is now editor-in-chief of Malaysiakini, a Kuala Lumpur-based news Web site. Once young Malaysians, whatever their race, graduate, their opportunities can be limited by the NEP. Some foreign companies are forced to put their projects on hold because they can't find a suitable Bumiputra partner, says a Singapore lawyer who works in Malaysia. And some initial public offerings have been postponed because the companies can't find enough Bumiputra investors to absorb 30% of the issue. The toughest battle lies ahead. But Mahathir has taken a major step simply by pointing out the failings of affirmative action in a country where he may be the only person with the political clout to even broach the subject. Of course, Mahathir won't be around when the time comes to dismantle the NEP. "That's for future prime ministers to deal with," says a Western diplomat. "His role is to start the debate." Start it he has. By Michael Shari in Kuala Lumpur Last edited by Jay : 11-15-2006 at 14:57 PM. |
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#8 (permalink) |
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Regular
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lol Jay. Just so you know, not every Malaysian thinks that way. I can't say it for all Malaysians, but most of us are quite embarrassed by the way the government crows about its *spits* successes due to its "grossly inflated sense of its place in the world".
And as for Mahathir, he should be one to talk about dismantling the NEP fixtures, given that he maintained them and even magnified the problems during his tenure. ![]() As for your guide, that reaction tends to be the norm when confronted by uncomfortable questions. Just clam up and pretend it will go away. |
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#9 (permalink) |
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Regular
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All this Malaysia-envy by our Indian friends is really sweet
. But really you boys should channel all that self-hate and denial into developing your country instead . Then, just maybe, after 20 years or so you might be able to enjoy our standard of living .I sincerely wish you all the best. It would be good to have an India as properous as Japan. And confident enough in itself to shed all pretentiousness. The tone by Indian posters in this forum remind me of the pigs in the latter-half of Animal Farm. Last edited by awangmamat : 11-16-2006 at 05:51 AM. |
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#10 (permalink) | |
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Regular
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You would be delusional to believe that the situation would be any different if ethnic Chinese or Indians held the power in Malaysia. Greed is greed. This, as Siddartha concluded, is universal. Remember, no matter how much you deny it it would be impossible for there not to have been a Malay (or a Chinese) who has helped you along your way. Last edited by awangmamat : 11-16-2006 at 05:41 AM. |
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#11 (permalink) |
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Regular
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Your encouragement to leave wasn't really needed, but thanks anyway. Chalk this decision up to having worked in the local media for 4 years now and having seen things firsthand.
As for greed, it's universal like you said. But why is it that the little red spot south of the Peninsular is able to maintain such a record of clean government, that it's consistently ranked amongst the top 5 in the CPI? It's afterall ruled by a party with a racial majority as well, isn't it? If you honestly believe that the current political system, which has been constantly manipulated to BN's advantage and firmly entrenched over the years can ever be eroded to finally make way for a country equitable to all its constituent races, all the more power to you. You might actually succeed against all odds. But I'm not holding my breath. To each his own. To top this off, the mentors and superiors I've had (of all types) are the ones encouraging me to leave while I'm still young enough to adapt. In a backhanded way, I have the state's policies to thank for and I'm sure I'm not the first in this regard.[/rant] |
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#13 (permalink) | |
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Military Professional
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First Malaysian Astronaut To Make Tea In Space
http://www.wayodd.com/first-malaysia...-space/v/3978/
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#14 (permalink) | |
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Postmaster General
Military Professional
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Indeed, why hate something that cannot compare with you? KL is not the only place to be seen for comparing the standard of living. Just move around and you can see it all!les! If it were so great why this bhumiputra Moslem upliftment? So, please give us a break with your fairy tales. Got that Abudullah? But for the Chinese and Indians, you would be in the Islamic dung heap! |
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#15 (permalink) | ||
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Tamizhanban
Senior Contributor
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