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Thursday, September 29, 2005

GLC classified as Non-bumiputra.

The Sun and Lim Kit Siang's blog has highlighted two different set of "Top 20 companies". The one given to the press has classified Khazanah Nasional Bhd as Non-bumiputra.

This have proved what I have comment previously that the government has classified all GLC under non-bumiputra, causing the result of New Economic Policy still far behind 30% target.

In fact, the NEP have achieved target if GLC classified as bumiputra holding. There is nothing to share from non-bumiputra if government want to proceed with NEP.

KL transport system is 100% hold by GLC.

Banking Industry: how many bank is control by non-bumi?

Plantation industry: how many plantation company is control by non-bumi?

The only thing government need to do is to produce more bumiputra entrepreneur to take over those shares from GLC. It does not help if GLC like Johor Corporation competing with bumiputra entrepreneur for a share in public listed company like what happen recently in KFC

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