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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2 comments:
Uh...the government represents the people of Malaysia, who are not Malay. Therefore, in spite of the government's dominance by the Malays, it is justified that GLCs are classified as non-Bumi.
My point is there is no more wealth to be shares.
Bumiputra want 30% shares ... from who?
Transpot industry?
Parkmay-GLC
Intrakota-GLC
KTM-GLC
Putra LRT-GLC
Star LRT-GLC
Banking industry?
Maybank-GLC
Bumiputra-Commerce-GLC
RHB-East Malaysia Bumiputra
Eon Bank-Bumiputra
Alliance Bank-?Bumiputra?
Ambank-Bumiputra
I think government have to train more Bumiputra enterpreneur to take over the shares from GLC.
Not to take more from non-Bumi as there is not much left for non-bumi
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