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long time ago, during my schooldays Biro TataNegara talk about ketuanan melayu, I asked the speaker why we need 30%, why not 50% or why not 20%. The question is how all those numbers can guarantee peace and harmony. And until now I still cant get the answer.

Is it in one fine day tun razak woke up and told everyone that he dreamt of that number, then everyone agreed?...lol

first Dr Edmund Terence Gomez, now Dr Lim Teck Ghee and Malaysia is wondering why there is a serious brain drain. Tell me why am I not surprise that our country is going no where?

Do you still think that we can have progress under Badawi's leadership? Do you still think that UMNO care for you, no matter what colour you are?

I really do not understand how ignorant can UMNO supporters get.

http://rockybru.blogspot.com/2006/10/good-bad-and-ugly.html

check out the responses in rocky's bru ... getting an earful from his readers ... healthy, healthy open thinking allowed aloud

GreenJellyBean,

You wonder why UMNO supporters are so ignorant.
The strongest UMNO supporters are from MCA and MIC.
I can sense that most of the criticisms of the government are from the non malays. And yet election after election it is this very same group of people that vote UMNO in. You guys are masochistic or what?

LJ

longjaafar, you are right.

Asking Chinese and Indian voters, if there are only two candidates in your district, namely UMNO and PAS, who would you vote?

Keadilan is still weak and barely able to stand in many places.

Sagaladoola,

Yes, there is not enough choices for the rakyat to choose from.

Even for a malay in chinese heartland, DAP against MCA, he would choose MCA definitely.

So, there is not enough choices. The arrangement is done quite cleverly by the holding party.

Democracy still has quite a way to go in Malaysia.

let us all email that rubbish minister, muhyiddin. jam his mailbox with thousands of email. let us show him our great disappointment. let us let him aware of how we feel (though the possibility of him not reading our emails is there). since our views (and bloggers like jeff, rocky) won't get publishsed in the mainstream media, we have to let the rubbish minister know of our views.

Hey you guys,
this may be off topic but I just want clarification here. Im writing here from UTM skudai and it seems that there is some problem with Malaysia Today where I dosent seem to appear. Is it just me or is everyone else experiencing the same thing? The thing is I am trying to check if the Uni is blocking Malaysia Today as they did block blogspot blogs for short period of time. Just checking.....

I am not an economist but this are some of my thoughts about theoretical ways that one can compute the wealth of a community or racial group.

1. Value of all equity that is listed on the KLSE which would obviuosly imply the current value of the shares and not the par value. Common sense.(A)

2. Value of all property held by every single individual in the country, which should include Malay reserve land, minus the mortgages. (B)


3. Depreciated value of all durable items ( machinery,cars,yatchs,private planes,household appliances) minus the loans.(C)

4. Bank deposits(D)

5. Cash that is hidden under pillows ( black money)(E)

6. Overseas assets of all Malaysians(houses in Perth,Vancouver,ranches in Argentina,hotels in Chennai etc)(F)

7. Value of all gold,other jewellery,diamonds,antiques,curios.(G)

7. Intangible assets ( eg.brand name,value of titles like Datukships,UMNO membership cards)(H)

Then we will need to compute the data where the TOTAL WEALTH OF EACH RACE will be =A+B+C+D+E+F+G+H

Maybe ,whoever ventures into this field , might become Malaysia's first recepient of the Noble Prize in economics.

MALAYSIA BOLEH.

We have Forbes annual billionaires list.

There is a remarks at the bottom of this webpage
http://www.forbes.com/lists/2006/10/BH69.html stating:

"For billionaires with publicly traded fortunes, net worths were calculated using share prices and exchange rates from February 13, 2006."

As such, I think it is unbelievable if our Malaysia Standard of measuring the personal wealth is using PAR VALUE.

Like this, uncle Lim Goh Tong also never grow lah

Some make so much fuss about whome to vote if there is only say UMNO and PAS or UMNO and Keadilan.
Simply vote opposition just give UMNO an earfull and let them taste what opposition is.
Same if MCA / DAP.
Afterall if the opposition makes a mess (which i doubt) you can vote them out again and at least Barisan has learned a lesson!

Using par value and not market value? What sense does it make? Might as well scrap the stock market since market valuation is not an issue at all. Some countries even abolished the concept of par value of shares in thier corp legislation because it doesn't make sense in the long run.

goodness sake

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Testing with html tags to see how it works, apologies jeff

sorry looks a bit strange.

Things have been so intense … haze, asli, takaful, more haze, dr lim, kj, nep, importing oxygen, mat rempits, low interest rates, high interest rates, traffic jams, shitty neighbours, crime rates up inflation up, little foreign investment, not enough work… kind of makes you lose perspective doesn’t it. Man, damn depressing.

Invest in our children’s education, work hard, be civil, enjoy life, wish one another the best, hope for the best, appreciate what we have, thank god that we are alive … boy, what has happened to the good old days and good old ways. Gentlemanly ways, ethics, love, manners, backbone, honor ….

The internet hammers us with one thing after the next, junkies like us cannot but keep looking for updates on the favorite readings we have … I need to, we should, re-look at how fortunate we are as Malaysians.

No earthquakes, warm weather, oil and gas, plenty of water, no hurricanes, no tsunamis, a large trading nation, multilingual, we have houses to life in, we have mamaks to give us roti chanai, roti bomb, roti planta, the tarik, klcc, moon cakes, char kuay teow, palm oil, rubber, stability, open discussion screenshots, rocky’s brew, lim kit siang, agenda daily, places of worship, …

I want to share with all my fellow malayaisnas a poem by Nadine Stair, hope it puts things into perspective like it does for me, have a good week, selamat hari raya, happy deepavali, merry Christmas and a happy new year … bugger, we need some real positive thinking here …

sorry jeff, way off the topic, but hell …

If I Had My Life to Live Over by Nadine Stair
I’d dare to make more mistakes next time. I’d relax, I would limber up. I would be sillier than I have been this trip. I would take fewer things seriously. I would take more chances. I would climb more mountains and swim more rivers. I would eat more ice cream and less beans. I would perhaps have more actual troubles, but I’d have fewer imaginary ones.

You see, I’m one of those people who live sensibly and sanely hour after hour, day after day. Oh, I’ve had my moments, and if I had it to do over again, I’d have more of them. In fact, I’d try to have nothing else. Just moments, one after another, instead of living so many years ahead of each day. I’ve been one of those persons who never goes anywhere without a thermometer, a hot water bottle, a raincoat and a parachute. If I had to do it again, I would travel lighter than I have.

If I had my life to live over, I would start barefoot earlier in the spring and stay that way later in the fall. I would go to more dances. I would tide more merry-go-rounds. I would pick more daisies.

This bumi/non-bumi thing is so silly.
give me a government for the people.

longjafaar,

sadly i will have to agree with you that this is the state of Malaysia, where people are afraid to CHANGE. They are afraid that a different government might make the situation worst after listening to all the propaganda. I will definately agree with you that 90% of the Chinese and Indian thinks this way, total that with money politics, you have a winning formula.

However, I wish to stress that I am the remaining 10%, where since I am eligible to vote 3 years ago, I have registered and voted for a change, and I am determine in my direction all the way.

I wish that younger generations will step up for their future, as most of their parents are too 'comfortable' in their comfort zone.

In the 80's before Telekom, Tenaga & other GLC was privatize, the Bumi equity was 18%. Then Mahathir privatize all those GLC, with the purpose of (as he said it himself) "TO INCREASE THE BUMI EQUITY & EXPAND THE ECONOMIC CAKE". Now 20 year after plenty of GLC was privatize the Bumi equity still remain at 18%??
In the 80's Proton, PLUS, DRB-Hicom & etc was setup to increase the Bumi equity, yet after all those company was setup the Bumi still remain stuck at 18%??

Yes, Albert.

That is the good answer. There should be no fuss on the matter.

Any opposition will do...

Hopefully others will think the same as well.

Sagaladoola and holiday

Take Albert's advice.

The same regime of political parties dominated and rough-ridden by UMNO had been in power far too long... since 1957 and their arrogance in the manipulation, distortion, and callousness on the interests of Malaysians in general, have totally no check and balances... just look at what this bunch of political parties in Govct did led by UMNO to (a) the judiciary, the press freedom, the indiscriminate3 use of ISA on politics instead on national security, the abuse of the mass media, fully controlled by these parties and suppressing the press of Opposition, the continuation of the politics of racial fears making the communal divide between Malays and non Malays worse since 1957, the corrupted use of the NEP to enrich their own families and cronies, leaving behind not only the Non Malays, but the poor kampung Malay folks (as you have read in the latest ASLI-CSPP issue) The list is as long as you can get.

The same regime of political parties remain power unbroken, that lasted from their politics of racial fears, not because they are accountable to the voters.

So, take a leaf of lesson from the Kelantan non-Malays and (Malays)... and ask them who they had voted in the last few elections that had PAS in power.

The Kelantanese Mon Malays are no worse off than any Non Malay in outside Kelatan. And they have suffered, starved, deprived of a decent living.

There are times in a nation's history, that voters should take FULL ownership of who SHOULD GOVERN THEM, than to be compromised by falsehood at every election time, by promises never kept, and by the politics of racial fears dividing our Malaysian community of Malays, Chinese and Indians.

Malaysian voters need to be wake up and be enlightened and mature voters, if they want to be relevant citizens in the 21st century.

The first thing is to win over our poor kampung folks, not just the StarBuck capuccino non Malay and Malay urban elites and intellectuals.

Umno should be brought down to earth and they should lessons of their mistakes, not by voting them in again but to let them stay out in the wilderness so that they can brood over their 40 over years of governing the country.

The country CAN'T go to the dogs if another Malay-based party is given a chance to lead the country. It cannot be any more worse.

Think about it!!

Folks
correction to earlier posting

And they have NOT suffered, starved, or deprived of a decent living.

I have no doubt the next GE will be different from the last.There definitely won't be a 92% mandate this time, thanks to an inept PM and the way UMNO had riden roughshod over the other minority parties. The non Malays have eyes to see and they don't like the way these UMNOputras have treated the other communities. Sarawak is a good indication of what is coming. But I can't say BN will lose power, only that PAS and DAP will win big in urban and Malay heartland respectively. PKR may win a few seats this time round. The big losers are likely to be MCA and Gerakan with UMNO losing some seats. I, like many others hope the opposition can at least prevent a 2/3 majority win for the ruling party.

I agree with you, Lucia.

Let's us all email that rubbish minister, Muyhiddin and let him know our views.

Let him know that we are all rational 'rakyat' who response with facts, and not with baseless accusation.

While at it, get him to declare his and his family's assets.

Don't let him say that the PM has already checked on that, 'cos even that guy's word cannot be trusted.

Get the assets declared; then the malays themselves will know the true dimension of hypocrisy in this country.

The japs will know all about this and they won't be saying it's rubbish that was handed over.

Hellooooo! DPM said this is sensitive, and we should not discuss this anymore! We could incite "the relevant" parties....... This is such good advice, should we follow ? sus!

rather than looking at the misery of choosing between BN and opposing, can we simple cast spoilt votes to show our unhappiness towards the ruling govt? those that want to vote opposition, go ahead. those having qualms about voting for pas etc, can do a "undi rosak".

rather than looking at the misery of choosing between BN and opposition, can we simple cast spoilt votes to show our unhappiness towards the ruling govt? those that want to vote opposition, go ahead. those having qualms about voting for pas etc, can do a "undi rosak".

Oh yes, now you have the DPM Najib coming out to say that you should not question government statistcs. Yes to this fellow...show us the methodology how this figure of 18.9% is drived then, no question will be asked! Instead, he threatens you that it is sensitive and touching on seditions... Very well said like a spoilt brad, you don't believe me than I will show you what can be done...another May 13th? No, you do not give a veiled threat. We 're living in a democratic country and we must be rational enough to have an intelligent discourse, particularly, when we have rubbish ministers throwing rubbish on the face of the rakyat. However, this particular rubbish minister has himself gone through the mill from MB of a state to his current position. Can he put his right on his heart and say that during his rise to this position, he has NOT done anything wrong such as preparing a 'war-chest' for higher position.. Come on, come clean then the rakyat will accept your comment on rubbish... People living in glass houses should not throw stones... You have the guys today to tick off Dr. M for his comments on the current economic situation and since when you have such guts. Why didn't you rubbish Dr, M when he was your BOSS! Even Dr. M is tasting his own medicine...bitter isn't it? All these years, UMNO has ruled this country thinking that as a political party it has done no wrong and that the rakyat must take what it ditches out. No, in this 21st century, if you continue the way it is, you will soon become history... Marginalize the other communities is one and marginalize your own people is another... the gap between the haves and have-nots frow ever wider... the rishes are being splashed all over and the mind-set is that one community is rich and the other is still poor, and therefore still the crutches to help along... This only shows that there is a different set of agenda.... I remembered that when Dr, M said that Malays should not depend on the NEP, there was numerous echoes to this effect and the Malays should not depend on the crutches. It is so soon forgotten when the old man no longer counts. How ungrateful some of them who without the finger of Dr, M lifting them, they will not be where they are today!

Common, we all know where this equity & quota is heading.

And this is nothing about democracy. Democracy is not worth fighting anymore. Its a game of 3 foxes discussing with a chicken about dinner.

It is liberty is what we should have. The liberty to have the privileges and fairness for all.

Give it another 100 years, the Bumi quota achievement will still be 18 percent.

Forget about trashing the goverment, we are not organized in the first place!

I had enough of this incompetent government. It's time for us to take a drastic action by voting these bunch of narrow-minded people out of the political arena! No vote for BN.

If the EPU calculated the bumi share of the equity capital at par value, the, how did Robert Kuok, A. Krishnan , Lim Goh tong and the others become billionaires?

It is hypocritical for the UMNO to say that there are more non malays billionaires than malays. If these billionaires wealth are calculated at par value there will be no billionaires. UMNO is cunningly selective in calculating wealth.

Equity ownership is an elitist conversation, not that Im condemning it or anyone who is discussing about it, that would be stupid.

Im saying that the word 'equity" and its significance isnt really getting to most Malaysians.

Thats why a majority of them still sleep well at night while an established oligarchy steals and takes what is rightfully theirs.

Sorry, Im a bit radical. And a Bumiputera myself.

No matter which research methodology was used, the EPU's findings should be transparent. Cant just be random remarks from the PM.

Check out http://www.karipanas.blogspot.com

Its less serious than this post, and yes, thoughts allowed and aloud.

Situation :
Ali owns 100 Tenaga shares. Par value $100 ($1 per share). Market value $1,000 ($10 per share.
Ah Chong owns 1,000 Farlim shares. Par value $1,000 ($1 per share). Market value $430 ($0.43 per share)

Oxford Methodology :
Ah Chong is 10 times richer than Ali

Situation :
Ali owns 100% of Ali Berhad. 5 years ago, he sold off 90% of Ali Berhad at $100 million. He bought a property in London for $30 million and a property in Malaysia at $10 million after 7% discount; Invested in shares in Africa $20 million ; Spent son's wedding $10 million; Gave his first wife alimony $30 million after marrying his 2nd wife.

Oxford Methodology :
Ali is holding only 10% share in Ali Berhad now. Ali is marginalised because other races have 90% share. He should be given an additional 20% to make 30%. Nobody knows anything about his foreign assets although his personal marital affairs became hot news in Utusan Malaysia.

Situation :
Ali owns 100% of Ali Berhad. He sells off 90% of Ali Berhad to a GLC controlled by UMNO

Oxford Methodology : Ali Berhad is no longer a Bumi company since GLC is not counted as a Bumi company. Ali share is 10%. Since the GLC doesn't want to sell down its shares, Ali should be given another 20% in another company, Ah Chong Berhad to make 30%.

Situation :
Ali owns 100% of Ali Berhad. He sells off 90% of Ali Berhad at $100 million (market $10 per share) to Ah Chong 5 years ago.

Oxford Methodology :
Ali share is 10% now. Ah Chong should sell back 20% of Ali Berhad to Ali at par value of $1 per share to comply with bumi equity policy.

Situation :
Ali is given 30% share (30 million shares) in Muthu Berhad at an IPO price of $1.50 per share for a total sum of $45 million. After 1 year Ali sold off all his shares in Muthu Berhad at $10 per share for $300 million. He made a cool profit of 255 million.

Oxford Methodology :
Since he does not now own any share, he is entitled to another bumi portion (30%) of IPO in Ah Chong Berhad at $1.50 in the 2nd year. Since the authorities adopt a Never Ending Policy, it doesn't matter how many times you apply for an IPO as long as you are smart enough to sell off all your shares before applying for an IPO or use the name of your father uncle, aunty, cousins, in-laws, who-so-ever as long as it sounded malay. Ali proceeded to buy Peter Berhad, Ranjit Berhad, Sayonara Berhad, etc, .... in the 3rd, 4th, 5th year.....

Conclusion:
With Oxford methodology who needs other methodologies?

Thanks for the simple 101 sharp. haha.

awesome stuff.

I like the Oxford methodology.

very good..Sharp..it is so simple

next thing to do is email that rubbish minister-- muhyiddin@agri.moa.my.

I hope i is easier for him to understand..rather than him to read the ASLI report.
Or did he read it at all.

I don't think any of the UMNOputras who were yelling for blood evry glanced the first page of the reports.

Folks

If I remember right, this Muhyiddin character was chosen by Pak Lah to be the Agricultue Minister because Pak Lah said his Govt is giving priority to Agriculture which was left behind during Dr M's 21 years. And also because the bulk of the POOR and VERY POOR Malays are the Kampung folks living in the rural areas depending on agriculture for their livelihood.

Its THREE YEAS now since this NEW Agriculture Ministe named Muhyddin had been running the Ministry of Agriculture. The Cabinet even agreed to let him change the name of the Agric Ministry to give him more powers.

Now what has MINISTER MUHYDDIN done to improve Agicultue in the country and WHAT TANGIBLE INITIATIVES HAD HE COME OUT TO TAKE OUR POOR KAMPUNG MALAY FOLKS so that they can be as RICH AS THE UMNOPUTRAS living in the PJ/Klang Valley where their children driving imported SUVs and BMWs and bummung around Star Buck, Coffee Bean and in Bungsar???

To date, we have not heard of any great achivements from the Ministry of Agriculture.

MUHYDDIN must be brought to task to what had he contributed to agricultural development in Malaysia since he became Minister?

Pak Lah MUST ask for his Performance Card, otherwise Muhyddin is just warming his seat, going around the kampungs cutting ribbons, having free lunches and dinners offeed by the kampung folks and giving back virtually nothing.

If he does not perform, Pak Lah must SACK HIM from the Cabinet and put him as a backbencher.

He should spend more time helping the poor Malay kampung folks instead of politicising his position as a Minister of Agriculture.