THE 30% BUMIPUTRA EQUITY RULE SHOUD STAY.

The Malays’ response to this call to abolish the 30% bumiputera equity participation should not come merely from UMNO and other interested Malay NGOs but also from others who deemed themselves as leaders of the Malay Bumiputra community. I refer to the relevant responses from leaders like DSAI, MB Khalid Ibrahim, Azmin Ali, Tok Guru and Hadi Awang etc so that the overall views from a wider spectrum of the Malay population can be gauged. (Note: however such comment from DSAI that he questioned not the Bumi special rights but its abuses is pure falsehood, coming from someone who was himself grossly tainted with such abuses when he was previously deputy PM/ Finance Minister)

By the way, it’s quite absurd/ academic to address this 30% at this point in time when activities connected with the local and worldwide stock market and investment is practically dead and likely remain so for quite a long while; no right thinking promoters would wish to list their companies presently nor Bumis/ their institutions keen to take up the relevant stake. However, in question is a mechanism evolved in implementing part of the Social Contract; these so called Malay Muslim leaders should give their honest opinion.

As for me, a Bumiputra and in the greater interest of the Bumiputra community, I stand together with those who strong believe that the 30% rule should remain; its not timely to phase it out yet. The aftermath of the world economic and financial meltdown will inevitable affect our economic landscape. Patience has its virtues while public debating for the UMNO youth position copying the American style of politics has its severe drawbacks. Lets all focus on tackling issues affecting our real economy as a consequence of the world economic meltdown resulting from amongst other causes the lack of transparency and insatiable greed originating from the lead country that promotes liberty, greater democracy and governance to the world.