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NEP: The Never Ending Policy

Prime Minister Abdullah Ahmad Badawi says Malaysia will always need a policy and agenda on fair wealth distribution so long as economic disparity among the races exist.

In the Parliament, Foreign Ministry parliamentary secretary Ahmad Shabery Cheek, spoke on behalf of the Answering on behalf of the Prime Minister’s Department in a written reply that the New Economic Policy (NEP) is here to stay until national unity is achieved.

Yesterday, Minister in the Prime Minister Department Effendi Norwawi announced the government's stand that Bumiputra corporate equity ownership stands at 18.9%, based on par value as at December 31, 2004, as clearly set out in the Ninth Malaysia Plan..

It's time to evaluate this NEP, the Never Ending Policy.

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I would love to swap my sdn bhd share with any of the public listed company at par value. Any takers??

Perhaps the call of CCM to delist company could be a good thing so as we would not hog those shares of dormant companies

It's quite right to say it's a never ending policy. Even if 30% equity has been achieved the govt will never let go. The very survival of the ruling party depended on this policy.
Meanwhile the rape continues.

What is there to say? The government will ultimately do as it pleases. The opposition and anybody else who cares will try to make an issue out of it. There'll be a politically motivated (it's redundant i know!) response by a senior government official and allegations of racial incitement will be made. Everybody will have no choice but to not "comment" too much. Feedback from "anti-NEPers" (people who don't understand why the NEP is still in place and can't make sense of various figures being thrown at us. ) will have to be sensitive to the needs of the many. After all we wouldn't want people to be marginalised and feel left out.

As an Indian, it's even more painful when no mention of Indian Equity is made. I think it' somewhere around the region of 2%. 90% of which belongs to the minority. Can someone do the math please?

I'll stop here now lest i be categorized as un-Malaysian and Un-Indian.

honestly, i think we should take these people who are arguing about the percentage, put them in a room and leave them until they reach a decision.

if, at the end of the year, they can't come up with a figure, send them for therapy and a long holiday at hospital bahagia.

because if this continues, i think the whole country's sanity will come under question.

Oh well, I don't think the other races are doing too badly - they have to fight much harder and that makes competitive and puts them on their toes. Look how dead Proton have made itself, there's an analogy there somewhere i'm sure. The main problem the 'other' races have to tackle are the language schools that render perfectly good and clever people illiterate in basic english grammar.

For me - the world is getting more globalized and people more mobile, so I'll just bide my time, and bye-bye Malaysia!

As for patriotism - screw that. How can one be patriotic over a country that repeatedly poops all over your face, with the agenda set intractably in racial politics? Patriotism is just as irrational as religion, only much less satisfying.

NEP came about after the aftermath of the May 13 1969 riots. It is claimed that income/wealth disparity between mainly the Malay and Chinese race has resulted in the bloody clash.

Hence, we saw the status of bumi and non-bumiputra status came about in application of scholarships, loans, IPOs, housing schemes, business licences etc. When NEP was first implemented in 1970, it is supposed to expire in 1990. But, in 1990, the Govt continued with NDP. Such benefits once given can never be revoked for fear of losing popularity and reprisal from its own community. Whenever other communities question about it, UMNO would hit out as saying that NEP are Malay rights/privileges and are provided for in the constitution and our forefathers, Tun Tan Cheng Lock and Tun Sambathan agreed to it in exchange for citizenship for non-Malays.

Our forefathers would definitely not agree to it had concept of NEP surface then when they signed the agreement. The Govt would resort to all sorts of excuses to claim that wealth distribution has yet to be equal. Hence, NEP is called for.

In the last 30 odd years since NEP was implemented, Malays' wealth and income did improve a lot. Former Deputy PM Musa Hitam once remarked that in 1970s, if you see a Malay man behind the wheels of a Mercedes Benz, chances are, he is the driver and not the only owner. I am proud to say that this stereotype is no longer the case today.

In the last 30 years, however, the biggest victim of the policy would be the Indian community. The Chinese community, as usual, would always work very hard and find means to improve themselves despite all these discriminatory policies against them.

The major setback of the policy also saw the gap between the rich and the poor Malays to widen considerably. Though there are many rich Malay Datuks and Tan Sris, there are many more Malays still who live in the Kampungs with big families to tend to. Wealth generated from IPOs allocations, APs and etc have failed to trickle down to the typical Malay folk. It appears all these privileges only benefited a handful.

In Malaysia, the middle and upper middle income segment of the population are still predominantly Chinese. This is evident from house purchases. It appears that not many Malays could afford homes above RM500k. But at the same time, we have Malay AP kings who own helicopters and fanciful sports cars. Also, not forgetting Malay town councillors who own big bungalows and mansions.

The govt. should re-look at the implementation of NEP. It appears that wealth distribution is no longer the case between the Chinese and the Malays but within the Malay community itself. Unless NEP is restructured, it will be a Never Ending Policy.

Najib's statement today was very very scary.

http://www.thestar.com.my/news/story.asp?file=/2006/11/14/nation/16010545&sec=nation

How about the Indians in Malaysia? Nobody even cares to talk about it!

WTF!!!

THIS GOVERENMENT never kept its promise to eradicate poverty without regard to race and religion under the NEP.Now they are saying, no, defying all that they will continue with more of what they did all these while.The poorer ones, the Indians,the Ibans,the Kadazans,the poorer sections of the Chinese will not benefit and they will get poorer and completely marginalised.These people should not wait for their socalled saviours like the disgraceful MIC, MCA etc but go about the best way to survive. The next time these guys come asking for our votes, let us spit on their faces and shun them like the plague.Vote any opposition and we will not be any worse off.
Does that make sense to any one?

Jeff

You have been too kind with your NEVER ENDING POLICY. TO me it is more like NEVER ENDING PLUNDERING!

once an entity attain certain advantage, whether in business or status, the chances of giving up that advantage is minimal.
E.G. would microsoft give up its OS. They will fight tooth and nail to keep it.Unless a competitor manage to upstage it, say google.
Similarly, the Umno vets are comfortable with the NEP. Their children gets scholarships, they get their contracts and perks. Who in the right mind would want to give this up. so to win malay votes, you will have to promise even more goodies.
Only a just ruler will discontinue the NEP and replace it with a more prudent policy. That seems unlikely by the looks of things.

Even with the many millioanires created thru the Felda scheme, how many of them remained a millioanire today? Many have squandered their riches in just matter of months. The Govt has helped them but they are not helping themselves. So who to blame? If this goes on, then we might not even attain 20% in 2010. There has been no effort from the govt to educate them. Merely just dumping money onto their lap and wash their hands clean.

The statement that the NEP will go on almost indefinately, basically means that the status quo is to be maintained. That the same old way of doing business will continue.

We might also infer by extrapolation ;

1. That it will be an ethnocentric affirmative policy rather that one based on needs, irrespective of race,religion or creed.

2.That the emphasis is on mediocracity rather than on meritrocracy.

3. That wealth distribution will overide wealth creation.

4. That a further drop in our education standards should not come as a surprise.

5. That we will continue to churn out unemployable graduates.

6.That a small group of elite will continue to amass a dispropionately large segment of the spoils at the expense of the rest of us, be it the Malays,Chinese,Indians,Ibans,Kadazans or Orang Asli.

7. That the the 30 % bumiputra equity requirement will remain.

8.That the non bumiputras and bumis from Sabah & Sarawak will continue to be marginalised.

9.That skilled Malaysian Chinese & Indians will continue to migrate and seek greener pastures elsewhere resulting in a local skill shortage ,that will further chase away FDIs..

10.That FDI ( foreign direct investement) will continue to fall or remain at meager levels.

11. That the competitiveness of Malaysia vis a vis our neighbours will continue to fall.

12. Finally, that our relative standard of living will continue to fall compared to that of our neighbours particularly Thailand, Vietnam,China & India.

In short,the continuation of the NEP in its current form will have serious implications on our competitiveness and future standard of living.For NEP proponents the world does not appear to be flat.Rather they have created an uneven playing field where different rules are applied. Like in "Animal Farm", some are more equal than others.

If its ain't broken , why fix it ?

JEFF OOI says: Has it broken when Umnoputras has sapu more than the regular bumiputras? Just a challenging thought. Because wealth distribution isn't as clear as black and white in this country.

From my personnal opinion, NEP has actually help develope individuals that can compete against the world's best. No need for me to mention who they are. You can find it all over the news. When foreign companies open their offices here, who do they hire?

Like it or not, NEP is here to stay until maybe a true leader comes along. A true leader that realises that NEP is actually slowly killing their own people. Some parents can see this and are sending their children to national type schools because they say they don't want to spoil and waste their children's talent. Yes, they are talented. Because recently one of my colleage's son which goes to national type school, made it to the top class.

Also, NEP is needed to preserve unity among themselves. Their leaders are always saying that they must be united or the other races will take advantage.

As much as we hate or dislike this NEP, all we can do is shout & scream until we all turn blue or black. Nothing will be done.

Is there any positive way of driving the fact that we are not happy and the Government should do something about it? I mean something so strong & powerful that the Power To Be will not hesitate to change it.

What was the main reason back in 70's that mooted the Government to introduce NEP? Ponder on it..... I mean the main reason.... Definitely not just the gap between Bumis & Non-Bumis.....I believe something more then this.

Hypothetically, if all the races in the world decides one fine day to think that they are being victimised and then start making policies to help themselves but whatever means at the expense of the other races, we would be having racial wars all over the world.

However, it is only that in Malaysia that a certain group of people thinks that way. Unfortunately, they are in power in the government!

I sang the Negaraku, I have recited the Rukun Negara, I have pledged my service to God, King and Country. Why am I being treated like a pariah or a second class citizen by the very government that we pay taxes to.

Isn't the government suppose to serve its people and not the other way around? Isn't the government suppose to be affraid of the people and not the other way around? Isn't the government suppose to do the best they can to eliminate all inequalities in a fair and just way?

Then people in UMNO should weed out of those people who are corrupt if they have good intentions to develop themselves.

I sometimes wonder whether do these people have a conscience!

aiyah, they can just allocate 10,000 units of MAYBANK shares to every bumiputra and get over with it. all bumiputra now is provided for and no more NEP in future.
but, but, but .... aih ~

I am tired of all this.....just want people to know!

I am a 31 year old Malaysian-Indian who has migrated and am currently earning US$11,000 a month in a very mediocre position. But my adopted country worships the ground I walk on.

Just adding my 2 sens worth.

1. I guess in principle, the NEP has rather noble goals with regards to wealth distribution.

To our bumi brothers, I'm pleased to note that with your current growth in wealth accumulation, you will probably achieve well over 50% ownership of the Country's wealth in a couple of hundred years. Maybe sooner.

By then I just hope UMNO a.k.a BN will have the same grandplan to help the non-bumis to achieve wealth parity.

2. DPM mentioned that the average income of a Chinese is almost double that of a Malay. So, instead of giving a pat in the back to the Chinaman for contributing so much more to the Nation's GDP/GNP and tax collection, the Chineseman is made a "target" of sorts? Hey...guess where the money for all the sports complex in UK and the stupid Grand Istana is coming from? Probably from the Chinaman butcher working his ass off or the hawker working his ass off selling Char Siew Fan - trying to give his son a decent education at the same time as having to subsidise a Grand Istana so some big bum can sit his arse comfortably on. Instead of a pingat, he is getting a spank and a slap in the face.

3. Solution to Bumi equity ownership. I have one. ALL NON BUMI shareholders should divest all their interest in Malaysia and move abroad. I can only emphasize that it will be a win win solution. To the non-bumi, overseas market returns are higher and the business environment is more condusive and not as "cock-eyed". To the bumis, you can achieve the 30% or whatever you want...almost over night!!!

Think about it. Comments are welcomed.

Cheerios.

Opps...on point number 3..by moving abroad, I meant..move the capital abroad. S'pore or Hong Kong is always good.

Move your money abroad and earn in strong currency and at the same time enjoy your cheap rojak and nasi lemak back home.

Good business sense. If you guys think so, maybe we can set up a "firm" helping Non-bumis do that. And we should also get a pingat from BN for helping the bumis achieve their matlamat the fast track way.

HOw?

Err.... i think no need to emphasis who should Chinese vote for next time :)

Its probably better for Umno to say that the crutches will stay forever ie the 30% quota. That way, non malays can plan better for their families, businesses and investements. If we don't like it or we find somewhere friendlier, we move our money, businesses and job opportunities overseas.If we can still make money with the 30% quota, fine, stay and make as much as possible. With the incentives given to FDI and MM2H, we can always get a PR in Spore and come back in and still owns 100% of our businesses!! What a loophole created by our not-so-smart Govt. Recently, my associate has a transaction which need FIC approval and they actually called up the lawyer to ask if the foreign investors would pull out if they impose the 30% quota bumi shareholdong strictly. The approval came out fast and words is that the PM Dept is very worried about FDI pulling out due to the 30% quota.The real scene and the hollow shouts of Umno boys are two totally different scenarios.

AverageJoe

30% of that Firm need to go to BUMI...

Dear Kannho...

Ha...Nevermind-la. What's new? Used to it by now. :)

As long as we are not required to walk with our hands and write with our toes, I say - grab all you can la.

Are you from investment background? I am. Maybe we can work out something?

Those of you in Penang who might like to listen to some opinions on this matter and voice your own, do have a look at this forum featuring Toh Kin Woon and Khalid Ibrahim on Nov 18 posted on www.bangkit.net.

With this NEP thing going into perpetuity I have lesser and lesser desire to invest locally. I think the non bumis are getting fed up with all these crap. Why can't the bumis once and for all stand up and compete with others on a level playing field.

Two things I want to remind and bring up:

1) NEP is for fair distribution of wealth and it is to narrow the gap between the 'haves' and the 'have-nots'. Seems like it is now a Bumi thing. Let's continue to remind everyone on this lest it goes into history that it is bumis only. There are some parties that are shaping it to go that way. I don't recall that the NEP has helped anyone else except for some Bumis.

2)Also, let's take cognizant of the fact that MIC, MCA, Gerakan, others, are awfully quite on the NEP and equity research methodology disagreement. They are supposed to represent us.

Yes, you are right. Screaming about it is not going to get us (the marginalised) anywhere. Let your vote counts. Don't just complaint and let others fight our problems. Make every vote counts. We may not be able to oust the present govt but we can denied them the 2/3 majority until a hero appears to change all this. Cast your vote for the future of your children and their children. Not all of us can afford to leave.

Alternatively, the non-bumis can start marrying and propogate with Bumis. Then everyone same same.

Outrageous? Maybe. But then again, that may be the only way out for some......

NEP - A truly Never Ending Policy !

Lets us look at all the countries around the world.
Is there a country that has achieved economic equality among the races ?

Lets not be fooled by the power-that-be.

Vote for change at the next GE !

Havent you notice yet? Vision 2020 is only for bumi or rather umno-consort. Najib has spelled it quite clear.

For illustration: IF a political party's ultimate aim: 100% equity for all cronies/family member using Never Ending Policy as the means. so where does that leads us? They will all be the boss and live in istana zakar ria, you will be the worker in their heli pad or satay house and live in rumah setingan (have to seek their pleasure for permit/land rights). ALL your descendant are wanted as well. why not lets start with the indians?


The above is just a storyline/illustration for a sandiwara movie script, any similarity or coincidence is definately not intended.

Many people didn't notice the 30% NEP has make the government overly complex, bloated, inefficient and corrupt.

When the government spend too much resources to push NEP, we don't need an economist to tell us that this government has neglect the roles to bring better living to ALL the people.

If you don't agree with me, then please tell me how the current government perform on the following field
- economy transition
- education to cope with economy transition
- road system/transportation
- Water issue
- Nation healthcare issue
- Bloated housing market
- pollutions, waste issue.
- escalate living cost vs depreciate living standard.


Their logic is almost incestuous.

This PM says it continues because of economic disparity between the races. Hello there, it is BECAUSE his umnoputras rip off the country's coffers that there is economic disparity.

And that is why the malay agenda remains their reason for continuation of the NEP. BECAUSE without the NEP, they will have no means to continue ripping off the nation.

There's also a problem with his DPM's statements. He says the NEP must continue to work off the four century of foreign oppression. How about the next four millenia of foreign globalization then? He goes on to add that their struggle for their rights will not be at the expense of those of the others. If that be so, he's cordially invited to the next public universities admission meeting. He moves on dramatically to say that come 2020, no malay should wail because they have not advanced. When oil runs out by then, they won't be wailing, for sure. They will be on the streets rioting against batons when this nation celebrates its developed status. He then talks about 600,000 companies versus 1,000. By what version of keynesian economics is his logic based upon that a country's socioeconomic strategy can be sustained on the utopia of racial involvement in all arenas of national activities in a free enterprise, let alone parliamentary democracy? Does he or his cohorts have a magic wand to wave at the market and say we want at least 30% in EVERYTHING, even when they already have over forty percent, and that by policy, not earned performance or competency? Are we in effect a socialist state economy? He adduces some income numbers. Surely the billions ripped off by cronies incorporated c/o Umno Berhad could have been parlayed to increase the statistical income of the malays, too many of whom continue to be blinkered by the same paternal feudalism that they were forced to accept those past 4 centuries.

Lastly, neither this PM nor this DPM seem to have realized that by saying the NEP will continue until national unity is served, they are actually saying it will continue forever....because national unity will NEVER be achieved so long as inequitable policy implementations are practised.

Watch them on tv and see the same old broken tunes replayed. For some new faces, they must have practised overnight their tv interviews. Given our precarious national position vs-a-vs safety of the rakyat, competitiveness of the nation, tangible investments and knowledge capital building, they might as well consider their maiden speeches their contribution to the national swan-song. They seem to be talking to themselves, oblivious to the danger of more FDI-pullouts, less knowhow inputs, greater drainage of this country's brains and the really productive people.

We've had so many decades of warped policies and stupid practices creating crutches instead of enabling the rakyat. The source-pool of talent has dwindled like water-levels in the reservoirs. They know it doesn't work to force people to do what isn't earned. In fact, it is counterproductive - for it will generate the very animosity that it was supposed to contain, what more drive away investments so critical at this stage where we are all ready to fall off this cliff into the wave of globalization.

Yet they continue into the valley of death. Why not spend some time thinking out alternatives? Too lazy? No - they have something to lose. Their own bread and butter.

Malaysia is finito. And i am writing this with just the nerve endings of my spinal cord.

it is our own doing if we continue to vote those "leaders" into power. many of us seems to have a very short memory.

So, scream all you care.

Ah well...

To quote directly from Mr George Orwell:-

"We are all created equal..some more equal than others" says the Pig.

Never more so my dear Pig.

Dear AverageJoe

I am one of the butcher that contributed 2 bricks for the new Astana. But I like your idea though, both of it.

Really, how are we going to start?

Dear Kannho,

Welcome on board man. This is just some prelim thoughts.

Firstly, we have to research on the benefits of foreign equity/investment markets. I suggest we start with the ASEAN and East Asian region.

Secondly, we need to convey these benefits to our brothers and sisters in Malaysia.

Once they are convinced, we provide them with the infrastructure to invest abroad.

As far as I know, I already have friends buying stocks in Nasdaq via the Internet. So, IT IS POSSIBLE.

We just need to educate ppl on the benefits and give them a convenient avenue to conduct their business.

Piece of cake.

If it takes off, we should also provide investment "advisory" services.

Hey dude...err..i think i'm tabling the whole biz plan.

LEt's keep it to those that are interested only. What say you?

:)

The world is moving forward. If you stand still, you actually appear like moving backward.

The NEP is helping those that refused to move forward. And their leader could not get them moving. He said to them, "Be fair, just and careful".

What a nice leader! So, making a little mistake here and there won't get into trouble. Even "not doing anything" is fine. He won't force you, nor replace you.

It is futile talking about the NEP. This PM and his DPM are both singing the same tune, this policy will continue until national unity is achieved. They might as well say it this policy will never end and it is part of the UMNO agenda to stay in power forever. There is no point to reason with this kind of logic because there is no logic. How can national unity be achieved when you have a policy which continues to marginalize the other ethnic communities. But when this is pointed out, there is a hue and cry on this subject of marginalization. Truth hurts. I have over the years learned not to stress myself over this. Say what you want, this social contract is made to be broken. It is too simple to live behind the NEP without putting in any effort to solve the ills. You make comparison that one race has more income than another. But you fail to study why this race has more income because, they work hard and they toil and they save. Why can't you inculcate the same cultural values so that what is given is valued. I admire a few of the Malay intellectuals who have openly rejected the hand-out policy prefering to instill in their youngs the value of hardwork and dilligence. Physically all are the same and the difference comes from inculcation of the right values that you do not squander what is given to you. You build on this to greater height. Not that over the last 30 over years of the NEP, hand-outs given have been properly valued. Making a quick buck seems to be norm of the day. This will have to stop. If this continues, for another 400 years, it will not be achieved. THe EPU is supposed to let us know how they arrived at 18.9%, where is the methodology other than saying that it is based on a huge number of companies.
Whilst we play on the NEP, the world is moving on. Very soon we will be left behind. I for one will not want to be part of the group to be left behind!

Folks

NEP was, is and will be the GOLDEN GOOSE for UMNO and UMNO Youth members to become instant millionnaires through closed tenders and get-rich-quick schemes using taxpayers money.

Just ask who are the majority folks who are generating the economy of Malaysia and paying taxes to build the coffers of the Treasury, from which closed tenders and get-rich-quick schemes for mainly UMNO and UMNO Youth members to become overnight rich upper class?

Hope all of you don't have amnesia when the next General Election comes.

Put your vote where your mouth is,instead of whining and whingeing each time Jeff blogs issue like this.

UMNO will NEVER let go of NEP. Don't drem on it and don't bet on it. You might as well pray for the day when the cows can jump over the moon.

Stop whining, move on.. and make sure where your vote goes. That is the only way to make the change you want.

AverageJoe, what makes you think our whole lot of umnoputras are not doing juz that? shielding more and more wealth abroad through many layers of International Biz setups?

The Internet put us all on the same level ground. Today, NASDAQ, and FOREX trading is possible online. Just at click of button to execute trades. And this is a more than USD2 trillion exchanges a day.

Never intended to bring money back anyway. Money flows to where it is respected. It is all about people. Being treated as 2nd class citizens - building up all assets in Malaysia is the last thing on my mind. Best not to put all in same basket.

Have all plans ready made. When environment is not favourable, just pack and leave.

Taking from Brendan kopycat,

How I miss those days when I was so idealistic.
How I miss those days when I was so nationalistic.
Oh, How I miss those days when unity grows much deeper.

I have been trying to be very consistent.

Share with 5 people every day on all the alternative news they won't be able to find in
NST. The holy grail truth.

Just 5 a day and everyone does the same. That is all it takes to make the rakyat more aware, who are the real persons who are plundering the country dry, plundering from our children and grandchildren's future.

peterpan - well said.

frank&honest - Malaysians are never going to get the change they want (need) through the ballot box unless the calibre of the candidates shows a marked improvement. I'm sure we can all remember when the esteemed leader of the MIC at the time of nomination for the last election let it be clearly known that his choice of candidate for one particular electorate was selected because the previous chap had had his chance, now it was his new man's opportunity to get his 'reward'.
Being voted in to Parliament is NOT a reward. It is (should be) a committment to SERVE the people who have recognised the candidate as their REPRESENTATIVE. There is a basic lack of understanding of the meaning of this word. 'Represent' means that you work for the people who elected you. Not yourself. Not your cronies. Of course, I am probably using the wrong dictionary here.So please forgive me!
However, since Malaysians tend to vote for the Party, not the Person, things are unlikely to change anytime soon, because most voters will talk big, but chicken out when they realise that if they vote the opposition in to govern, we may well be in a far worse mess.

LLtwigs, I don't think we can get any worse than this and now.

When there ain't anything to lose, then why not?

I kind of think towards the end, as the richer Bumi's get richer and the poorer Bumi's get poorer because of the NPE (may I also add that it makes the lazy more lazier), eventually; what was created to bridge the 'wealth gap' ultimately destroys their own kind.

Sure it may have 'systematically marginalized' (Harry Lee is right in saying that) the other races; but the non-bumi's Move Along albeit a whingy and mighty disgruntled on the way. The NPE will be the downfall of the rich fat cats within the UMNO party. It is so hard to let go of something good isn't it? Yet that 'good thing' is doing damage.

After all, no politician wants to hear an Inconvenient Truth. They just denounce/deny it as it wasn't there at all; they KNOW it is there. Just that it is invisible to their eyes.

Harry Lee not fully right... He missed out the poor bumiputeras (including the Orang Asli).

as expected, these jokers will NEVER take away thie never-ending-policy simply b'cos their political survival depends on it ...

without this n.e.p. they're as good as PAS or DAP or any other parties ... n.e.p. is their only weapon as whatever they've done all these years can't be used as justification that they're relevant for voters to keep them in their current seats ...

anyone wonder why umno keep on talking (or rather scaring off malays) about how umno has to be strong to be relevant (meaning they need n.e.p. to be strong) ...

it's a fact that n.e.p. = never ending policy ... maybe wikipedia or other dictionary should put this new found word "n.e.p" into their next printing edition ...

we should be proud as we've created something which gain recognition globally ...

wuahaaha

http://stocktube.blogspot.com

cheers ....

Folks,
Why NEP is a Never Ending Policy??? According to 'Government-Mandated Discriminatory Policies:
Theory and Evidence' by Hanming Fang and Peter Norman (http://www.ssc.wisc.edu/econ/archive/wp2001-12r.pdf)...NEP indirectly help minorities to excel rather than helping Bumi's to develop. I can't understand the model which this paper provides. Hope anyone with economics background could help me out here.

"However, since Malaysians tend to vote for the Party, not the Person, things are unlikely to change anytime soon, because most voters will talk big, but chicken out when they realise that if they vote the opposition in to govern, we may well be in a far worse mess".

Guys, guys, if in doubt, vote for the opposition. BN had their chance and what do we get after 30 years? Fat Cats and Fatter Cats! So, what have you all got to lose by voting for the opposition? Anything, except PAS, is better.

I have never voted but break my legs and I will crawl to vote this time round.

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