Wednesday, October 25, 2006

Monday, October 16, 2006

Who is more convincing, EPU or ASLI ?

The Asian Strategy and Leadership Institute (ASLI) claims in its recent report that Bumiputeras (Malays and other indegenous races) hold 45% of the share equity in Malaysia. But the Economy Planning Unit (EPU) rebutes it and claims instead the real figure should be 18.9%. Please note the insersion of the decimal point by the EPU in order to emphasy the accuracy of its findings. Who is lying and who is telling the truth? But who cares? Figures like these really tell nothing as far as us ordinary folks are concerned, we are not trained to grasp the implications behind. What we can readily understand are the number of retail outlets lining the streets, in shopping complexes and supermalls or the workshops and factories in industrial estates. We can count the number of saloon, kedai kopi (including those 24 hours types), tailors,etc, etc...... If anyone were to conduct a survey as I mentioned just now, the truth will be shocking and sad -- majority of the owners of those outlets are indeed non-bumiputras. Ahh..the bumiputra politicians will be quick to say, "The economy of Malaysia is controlled by non-bumiputras!" But is it true? It can't be further from the truth, is the whole of Malaysia's economy made up of retail business solely? What about the big bucks sectors like petrolium, banking, automobile, airlines, insurance,energy, communications etc ? They are in the hands of the bumiputra, it is open secrets, no denial about it please. The non bumiputras are squeezed out from joining the job force within government departments orchestra by the Public Services Department, also they can not lay their hands on big-bucks business. Where else can they go? Simple, they join the private sector, learn the trade and start on their own when the time is ripe. Why can't the young bumiputras do the same? Ah, I don't want to go into that again (I had explained why in one of my old posts). Our wise leaders should know what to do, provide they got the guts to face the truth and do the right thnig and not constantly harp on racial issues instead.