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Friday, June 10, 2005

Competitiveness of Indian Community in Malaysia

Prime Minister Datuk Seri Abdullah Ahmad Badawi said the Implementation and Co-ordination Unit (ICU) in the Prime MinisterÂ’s Department would look into recommendations to increase the equity share from the present 1.5% to 3% by 2010, as proposed by MIC.

1.5%!?

So low! Really?

When I was a child. My grandmother told me "If you go to General Hospital to see doctor when you are sick. If the doctor is an Indian, you are save, as Indian doctor is skillfull."

My grandfather also told me. Indian lawyer is much more better than other lawyer. All this was told by my grandparent when I was a child. Clearly, Indian has a large skillfull middle income group or professional since long time ago.

How about more richer people?

The second richest people in Malaysia after Robert Kok, is Ananda Krishnan, an Indian which control the 5th largest market capitalization company in Malaysia, Maxis. The first 4 largest market capitalization company is Government Link Company(GLC). Which means Ananda is controlling the largest market capitalization company in Bursa Malaysia that control by individual. Ananda, an Indian, also have the biggest market shares of mobile telecommunication market in Malaysia via Maxis. Monopoly of satellite broardcast in Malaysia via Astro.

A few Indian entrepreneur has been surface after their company listed on Bursa Malaysia slowly one by one. Angel investor Ahmad Kabeer Mohamed Nagoor which control a few high-tech company like AKN Tehnology , AKN MTech. etc, is one of them.

The most recent and most dramatic one is Air Asia's Tony Fernandes. An Indian. He is also control our low cost carrier in Malaysia.

I really feel sorry when I read an unlisted company control by Indian Globe Silk Store in Jalan Tunku Abdul Rahman is not doing well. However, the store has been acquired by Kamdar, a newly listed company via a reverse take over. Which control by Indian too.

All of the name listed above was never heard before by me when I was in secondary school. They slowly come out one by one. It might not be surprise they would be some more to surface in the future.

Clearly, they achieved this without any quota system.

Further, Indian community control our Money Changes industry. They are so skillful in this trade that they able to send large amount of money out of our country without leaving any record in Bank Negara prior capital control and currency peg. They also control newspaper retail industry in Malaysia. Remember you get your newspaper fromwho every morning? Those business, although is not a big business compare to bank and large retailer. I do not think that only comprises less than 1.5% collectively.

I feel they are doing better without any quota impose.

Kedah Menteri Besar admitted to Penang's hospital when he is sick, and latter to Singapore's hospital. Why is he not confident of doctor in his own state, Kedah!

If quota system is being implement on Indian community. Do you think I would tell my descendent that Indian doctor is skillfull ?

I think Samy Vellu would admit to Singapore hospital too if quota system is being implemented on Indian community. Think twice to avoid this.

The Indian community problem, like gangster, high school drop out rate in estate, has to be solve using alternative method, not quota.

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