When I went back for hari raya last weeks, my family was having a heated arguments about Malaysia progress record. Have we on track? or the politician are prompt to quote "we have meet our promise".
I noted the the arguments were characterized by emotion and Not Factual.
Non of Us had a clue about the DEVELOPMENT OBJECTIVE and the MEASURES.
Let put it to test...
AA: Let us review the New Economic Policy.. program launched by the Malaysian government in 1971 under the then Prime Minister Tun Abdul Razak. The NEP ended in 1990,
The GOALS..The Reid Commission stated that the intent of Article 153 was to address economic inequality among ethnic Chinese and Malays. In the period following Malaysian independence, however, the Bumiputra share of the economy did not substantially increase; as late as 1970, it was estimated that Bumiputras held only 2.4% of the economy, with the rest in Chinese and foreign hands
THE TARGET .. to achieve the 30% Bumiputra equity target set by the NEP. Amongst these was a requirement that all initial public offerings (IPOs) set aside a 30% share for Bumiputra investors. These investors could be selected by the company being listed on the stock exchange, or the Ministry of International Trade and Industry, which would normally recommend such state-owned trust agencies as Permodalan Nasional or the Armed Forces pension fund.
THE 9 MALAYSIAN PLAN.
The ECER was launched by Malaysia's Prime Minister, Abdullah Ahmad Badawi in Kuala Terengganu and Kota Bahru on October 30, 2007 and in Kuantan the next day. During the launch of the project, the Prime Minister announced a RM 6 billion allocation for the opening phase of the project, strengthening the Malaysian government's commitment to the project
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