Dato’ Sri Mohd Najib Tun Abdul Razak signing the letter of his appointment as the Sixth Prime Minister of Malaysia
Within the first 100 days in office, Prime Minister Dato’ Sri Najib Tun Razak had made many changes mostly relaxing the rigid policy on Bumiputera equity participation in the economy and other concerns perceived to have the same effect.
Let’s recapitulate and see how many announcements he has made regarding the matter.
1. 1 Malaysia.
2. Dissolution of the Ministry of Entrepreneur and Co-operative Development (MECD). This is the agency responsible for coordinating the development of Bumiputera entrepreneurs. The MECD when it was in existence provided training and development programmes to Bumiputera entrepreneurs.
3. Liberalization of 27 services sub-sectors in our economy, whereby the 30% Bumiputera equity is no longer mandatory in this area.
4. Merit-based scholarships and in the same breath hints of doing away with race based quotas by next year.
5. Deregulation of Investment Guidelines http://www.bernama.com/bernama/v5/newsindex.php?id=421826 cutting down the percentage of the mandatory Bumiputera equity in Malaysian companies seeking public listing, though 50% of the Public Shareholdings spread must be offered to them.
While I can appreciate that these changes will have positive affects to the Bumiputeras and the Nation as a whole, I fear that not enough information is forthcoming and reaching the Malays in the heartland which could prove to be costly for us if they are left to make their own interpretation to the changes in the government policies.
It seems UMNO Members of Parliament are in full support of the Prime Minister’s new economic policy. Yes well, that’s an understatement because they will always be the first to say they support him, either out of duty or sheer sucking up without comprehending the real situation, even if it is a brilliant idea on the Prime Minister’s part.
Now let us see if these overzealous UMNO MPs will do justice to the good efforts of the Prime Minister by going back to their constituents, particularly the Malays who are not too clear as to the mechanics of these newly introduced measures which DO NOT, contrary to consensus, alter the rights and privileges of the Malay people. Dato’ Sri Najib is putting too much faith in his UMNO soldiers to do the right thing for him. The UMNO Information Chief must crack the whip on these MPs to ensure that the Malays in the kampongs do not lose heart in view of the current standing due to the lack of understanding. In general they are feeling like the good Prime Minister is over-reaching and giving away too much. Trust me on it, I've been on the frontlines and had to face ballistic queries on these issues from branch leaders every weekend of late.
If UMNO fails to inform the heartland of this progressive yet harmless development, then their support for us which we have usually relied upon during general elections will grow thin, while the majority of the Chinese and Indians will remain with the opposition without a doubt in view of the weak and troubled MCA and the lost in trust of the Indian community towards MIC and PPP.
Let NOT Najib’s hands end what his father started.