<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: The NEP has been abused to help the rich</title>
	<atom:link href="http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/feed/" rel="self" type="application/rss+xml" />
	<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/</link>
	<description>for Malaysia</description>
	<lastBuildDate>Sun, 12 Feb 2012 06:45:24 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
	<item>
		<title>By: A dummies’ guide on how to behave like a Malaysian Politician in time of crisis &#171; BJ Thoughts&#8230;</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-215886</link>
		<dc:creator>A dummies’ guide on how to behave like a Malaysian Politician in time of crisis &#171; BJ Thoughts&#8230;</dc:creator>
		<pubDate>Thu, 27 May 2010 05:45:38 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-215886</guid>
		<description>[...] faced with a crisis, try avoiding the media or the Parliament. A good way to do it is to go for overseas conference (in place of your junior staff) or decide for a “serious-sounded” surgery (serious sounded = [...]</description>
		<content:encoded><![CDATA[<p>[...] faced with a crisis, try avoiding the media or the Parliament. A good way to do it is to go for overseas conference (in place of your junior staff) or decide for a “serious-sounded” surgery (serious sounded = [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The Flaccid Mind &#187; Blog Archive &#187; Dummies&#8217; Guide To Be A Politician (In Malaysia)</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-186530</link>
		<dc:creator>The Flaccid Mind &#187; Blog Archive &#187; Dummies&#8217; Guide To Be A Politician (In Malaysia)</dc:creator>
		<pubDate>Fri, 24 Jul 2009 06:09:51 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-186530</guid>
		<description>[...] faced with a crisis, try avoiding the media or the Parliament. A good way to do it is to go for overseas conference (in place of your junior staff) or decide for a “serious-sounded” surgery (serious sounded = [...]</description>
		<content:encoded><![CDATA[<p>[...] faced with a crisis, try avoiding the media or the Parliament. A good way to do it is to go for overseas conference (in place of your junior staff) or decide for a “serious-sounded” surgery (serious sounded = [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Dummies&#8217; Guide To Be A Politician (In Malaysia) &#171; The Flaccid Mind</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-51760</link>
		<dc:creator>Dummies&#8217; Guide To Be A Politician (In Malaysia) &#171; The Flaccid Mind</dc:creator>
		<pubDate>Thu, 18 Oct 2007 07:45:55 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-51760</guid>
		<description>[...] faced with a crisis, try avoiding the media or the Parliament. A good way to do it is to go for overseas conference (in place of your junior staff) or decide for a Ã¢â‚¬Å“serious-soundedÃ¢â‚¬Â surgery (serious sounded = [...]</description>
		<content:encoded><![CDATA[<p>[...] faced with a crisis, try avoiding the media or the Parliament. A good way to do it is to go for overseas conference (in place of your junior staff) or decide for a Ã¢â‚¬Å“serious-soundedÃ¢â‚¬Â surgery (serious sounded = [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: VoiceOfMalaysian</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-22300</link>
		<dc:creator>VoiceOfMalaysian</dc:creator>
		<pubDate>Sun, 27 May 2007 07:06:33 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-22300</guid>
		<description>As a old Malay saying goes: 

&#039;Benih yang baik kalau jatuh ke laut akan menjadi pulau, kalau jatuh di darat akan menjadi gunung&#039;

So why blame the British? 

Why need the NEP?

Does that implies the &#039;benih&#039;s  are  no good?</description>
		<content:encoded><![CDATA[<p>As a old Malay saying goes: </p>
<p>&#8216;Benih yang baik kalau jatuh ke laut akan menjadi pulau, kalau jatuh di darat akan menjadi gunung&#8217;</p>
<p>So why blame the British? </p>
<p>Why need the NEP?</p>
<p>Does that implies the &#8216;benih&#8217;s  are  no good?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: VoiceOfMalaysian</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-22298</link>
		<dc:creator>VoiceOfMalaysian</dc:creator>
		<pubDate>Sun, 27 May 2007 07:02:54 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-22298</guid>
		<description>UMNO was formed on 11 May 1946.

13 May tragedy occurred on 13 May 1969 (2 days after 23rd anniversary of UMNO formation.

It is a co-incident?  Think about it!</description>
		<content:encoded><![CDATA[<p>UMNO was formed on 11 May 1946.</p>
<p>13 May tragedy occurred on 13 May 1969 (2 days after 23rd anniversary of UMNO formation.</p>
<p>It is a co-incident?  Think about it!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: ktteokt</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-20017</link>
		<dc:creator>ktteokt</dc:creator>
		<pubDate>Mon, 21 May 2007 15:56:11 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-20017</guid>
		<description>Indeed, this is the ugly truth! The rich in Malaysia is getting richer by the day and the poor, poorer. With the NEP, the gap between the poor and the rich is drifting to wider dimensions. Has the NEP achieved its objectives of eradicating poverty of the Bumiputeras? Definitely not! It has instead created an elite group who have sprung to riches overnight! The ordinary bumiputera would not have benefited from these government actions. 

The only group who actually benefited are the elite Malays, the Tan Sri Putras, Dato Putras and Elite Putras, not the bumiputeras.</description>
		<content:encoded><![CDATA[<p>Indeed, this is the ugly truth! The rich in Malaysia is getting richer by the day and the poor, poorer. With the NEP, the gap between the poor and the rich is drifting to wider dimensions. Has the NEP achieved its objectives of eradicating poverty of the Bumiputeras? Definitely not! It has instead created an elite group who have sprung to riches overnight! The ordinary bumiputera would not have benefited from these government actions. </p>
<p>The only group who actually benefited are the elite Malays, the Tan Sri Putras, Dato Putras and Elite Putras, not the bumiputeras.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Not spoon fed</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-10091</link>
		<dc:creator>Not spoon fed</dc:creator>
		<pubDate>Sat, 21 Apr 2007 14:11:49 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-10091</guid>
		<description>fargowin:

You are correct. Since Malayisia is marginalising non Malay, let work and pay taxes in other countries. 

Keep your citizen while working in other countries so that you still could vote.</description>
		<content:encoded><![CDATA[<p>fargowin:</p>
<p>You are correct. Since Malayisia is marginalising non Malay, let work and pay taxes in other countries. </p>
<p>Keep your citizen while working in other countries so that you still could vote.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kingkong</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-10057</link>
		<dc:creator>Kingkong</dc:creator>
		<pubDate>Sat, 21 Apr 2007 08:33:31 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-10057</guid>
		<description>No, Communism can be equally corrupted if there is no check and balance. Communism is good in clearing out the rubbish of the existing corrupted regime using gun powder revolution, but not good for sustaining growth by the incredible human creativity, and productivity. In other words, individualism is not fully developed to a fullest extent in a communist system.

The party heads, the committee members in a communist system are the ones who could rip off the fruits from the people under the name Ã¢â‚¬Å“for the country Ã¢â‚¬Å“. You still canÃ¢â‚¬â„¢t have equal share. People all work like government servants, and government servants all over the world are usually not so competitive and productive. 

Those days, workers who escaped from mainland China to Hong Kong were very much despised as a eight to five Ã¢â‚¬Å“ Tai Loke Chye Ã¢â‚¬Å“ which means lazy unproductive and un-competitive fellows.

Teng Xie Peng adopted Capitalist system to open up China which only then grows.</description>
		<content:encoded><![CDATA[<p>No, Communism can be equally corrupted if there is no check and balance. Communism is good in clearing out the rubbish of the existing corrupted regime using gun powder revolution, but not good for sustaining growth by the incredible human creativity, and productivity. In other words, individualism is not fully developed to a fullest extent in a communist system.</p>
<p>The party heads, the committee members in a communist system are the ones who could rip off the fruits from the people under the name Ã¢â‚¬Å“for the country Ã¢â‚¬Å“. You still canÃ¢â‚¬â„¢t have equal share. People all work like government servants, and government servants all over the world are usually not so competitive and productive. </p>
<p>Those days, workers who escaped from mainland China to Hong Kong were very much despised as a eight to five Ã¢â‚¬Å“ Tai Loke Chye Ã¢â‚¬Å“ which means lazy unproductive and un-competitive fellows.</p>
<p>Teng Xie Peng adopted Capitalist system to open up China which only then grows.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Jonny</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-10033</link>
		<dc:creator>Jonny</dc:creator>
		<pubDate>Sat, 21 Apr 2007 04:09:17 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-10033</guid>
		<description>Actually, why be democratic / capitalist? Why not just do away with it and introduce communism? Everyone would have equal share. Much better than NEP which benefits only the well-connected and well-heeled.

Just a thought of &#039;what-ifs&#039;</description>
		<content:encoded><![CDATA[<p>Actually, why be democratic / capitalist? Why not just do away with it and introduce communism? Everyone would have equal share. Much better than NEP which benefits only the well-connected and well-heeled.</p>
<p>Just a thought of &#8216;what-ifs&#8217;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: undergrad2</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9944</link>
		<dc:creator>undergrad2</dc:creator>
		<pubDate>Fri, 20 Apr 2007 13:15:07 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9944</guid>
		<description>&quot;undergrad2 , now that you knew all these, what are going to do about it ?&quot;

Fight to re-take the government for the people from BN. The DAP/PKR electoral alliance would be one way to do that.</description>
		<content:encoded><![CDATA[<p>&#8220;undergrad2 , now that you knew all these, what are going to do about it ?&#8221;</p>
<p>Fight to re-take the government for the people from BN. The DAP/PKR electoral alliance would be one way to do that.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Kingkong</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9886</link>
		<dc:creator>Kingkong</dc:creator>
		<pubDate>Fri, 20 Apr 2007 03:42:23 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9886</guid>
		<description>Most of the policies in Malaysia are well written. It is the law enforcement that is in trouble.

Those multi-billionaires of Bumiputra must be cheating in the preferential loan application. In Australia, some people also try to fraud the social security system, but one has to get the means test, and if one gets caught, it is a very serious offence. Jail is the answer and disgrace in the public media would deter the cheater. Hence this form of cheating is minimized.

In Malaysia, corruption is too deep rooted. The independency of anti corruption and judiciary system is doubtful, so the system has been greatly abused. 

When a C4 could be easily used to blow up a human being by connected high power authority, what else can we do about it? Can DAP or PKR help?</description>
		<content:encoded><![CDATA[<p>Most of the policies in Malaysia are well written. It is the law enforcement that is in trouble.</p>
<p>Those multi-billionaires of Bumiputra must be cheating in the preferential loan application. In Australia, some people also try to fraud the social security system, but one has to get the means test, and if one gets caught, it is a very serious offence. Jail is the answer and disgrace in the public media would deter the cheater. Hence this form of cheating is minimized.</p>
<p>In Malaysia, corruption is too deep rooted. The independency of anti corruption and judiciary system is doubtful, so the system has been greatly abused. </p>
<p>When a C4 could be easily used to blow up a human being by connected high power authority, what else can we do about it? Can DAP or PKR help?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: robert wong</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9871</link>
		<dc:creator>robert wong</dc:creator>
		<pubDate>Fri, 20 Apr 2007 00:08:58 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9871</guid>
		<description>undergrad2 , now that you knew all these, what are going to do about it ?</description>
		<content:encoded><![CDATA[<p>undergrad2 , now that you knew all these, what are going to do about it ?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: undergrad2</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9844</link>
		<dc:creator>undergrad2</dc:creator>
		<pubDate>Thu, 19 Apr 2007 17:15:14 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9844</guid>
		<description>These people are   the unintended beneficiaries of the Policy. The flaw has to be corrected and corrected now.

Why are the powerful and the politically connected getting all the contracts? Why are rich kids getting scholarships when their parents could afford the cost of their tertiary education? This has nothing to do with the objectives of a policy like the NEP.</description>
		<content:encoded><![CDATA[<p>These people are   the unintended beneficiaries of the Policy. The flaw has to be corrected and corrected now.</p>
<p>Why are the powerful and the politically connected getting all the contracts? Why are rich kids getting scholarships when their parents could afford the cost of their tertiary education? This has nothing to do with the objectives of a policy like the NEP.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: robert wong</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9833</link>
		<dc:creator>robert wong</dc:creator>
		<pubDate>Thu, 19 Apr 2007 14:00:58 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9833</guid>
		<description>A good example of the NEP flaws, multi-billionaires of bumiputra are still getting 10% on properties and prefrential loan from the government. Is this so-called &quot;level-playing field&quot;.</description>
		<content:encoded><![CDATA[<p>A good example of the NEP flaws, multi-billionaires of bumiputra are still getting 10% on properties and prefrential loan from the government. Is this so-called &#8220;level-playing field&#8221;.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: undergrad2</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9816</link>
		<dc:creator>undergrad2</dc:creator>
		<pubDate>Thu, 19 Apr 2007 12:33:49 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9816</guid>
		<description>Richard Teo,

What he meant by that is with political stability, every citizen (Malays, Chinese and Indians) gets to reap the benefits of this Policy aimed at leveling the playing field for the Malays. It is what he didn&#039;t say that matters or failed to elaborate that matters. Razak was a shrewed and crafty politician - not to be taken at face value.</description>
		<content:encoded><![CDATA[<p>Richard Teo,</p>
<p>What he meant by that is with political stability, every citizen (Malays, Chinese and Indians) gets to reap the benefits of this Policy aimed at leveling the playing field for the Malays. It is what he didn&#8217;t say that matters or failed to elaborate that matters. Razak was a shrewed and crafty politician &#8211; not to be taken at face value.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Richard Teo</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9810</link>
		<dc:creator>Richard Teo</dc:creator>
		<pubDate>Thu, 19 Apr 2007 11:58:10 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9810</guid>
		<description>Undergrad,
 I suggest you do some investigative work on Tun Razak policy speeches when he amplified NEP in the context &quot; of an expanding pie&quot; that every desrving citizen will benefit from it.Whether the spirit of the NEP was subsequently adhered to is another matter but it was the intention of the NEP to be equal and beneficial to all needy citizens.</description>
		<content:encoded><![CDATA[<p>Undergrad,<br />
 I suggest you do some investigative work on Tun Razak policy speeches when he amplified NEP in the context &#8221; of an expanding pie&#8221; that every desrving citizen will benefit from it.Whether the spirit of the NEP was subsequently adhered to is another matter but it was the intention of the NEP to be equal and beneficial to all needy citizens.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: MALAYSIANbukanMALAYSIAN</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9755</link>
		<dc:creator>MALAYSIANbukanMALAYSIAN</dc:creator>
		<pubDate>Thu, 19 Apr 2007 02:10:52 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9755</guid>
		<description>Good morning to my firend KingKong

Looks like we share the same opinion afterall. Let YB Lim give us some answers. 

It&#039;s true that DAP needs to re-strategize!</description>
		<content:encoded><![CDATA[<p>Good morning to my firend KingKong</p>
<p>Looks like we share the same opinion afterall. Let YB Lim give us some answers. </p>
<p>It&#8217;s true that DAP needs to re-strategize!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Bigjoe</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9748</link>
		<dc:creator>Bigjoe</dc:creator>
		<pubDate>Thu, 19 Apr 2007 01:29:56 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9748</guid>
		<description>I have to respond to undergrad2 as his interpretation of my point is wrong.

My analogy is not that the opposition is asking the Malay to invest in riskier securities for lower return. My argument is that the opposition is asking the bumiputras to invest in riskier securities for a much higher return BUT also possibly with losses. Its UMNO that is asking bumiputras to invest in lower risk securities with below market returns. The problem with investing in undermarket returns is that at the end of it you don&#039;t get what you need. That is the problem with the NEP eventually it will never give most bumiputras what it needs at least not at great moral peril. 

I also did not make the point that the NEP is a zero sum game. My point is that its a declining return investment. It actually may never become zero-sum game but at its best it will at least come close eventually. Its possible to prolong the process but its all a question of luck and we have been very very lucky and could possibly still be but all gamblers know that eventually luck runs out as in 1997.</description>
		<content:encoded><![CDATA[<p>I have to respond to undergrad2 as his interpretation of my point is wrong.</p>
<p>My analogy is not that the opposition is asking the Malay to invest in riskier securities for lower return. My argument is that the opposition is asking the bumiputras to invest in riskier securities for a much higher return BUT also possibly with losses. Its UMNO that is asking bumiputras to invest in lower risk securities with below market returns. The problem with investing in undermarket returns is that at the end of it you don&#8217;t get what you need. That is the problem with the NEP eventually it will never give most bumiputras what it needs at least not at great moral peril. </p>
<p>I also did not make the point that the NEP is a zero sum game. My point is that its a declining return investment. It actually may never become zero-sum game but at its best it will at least come close eventually. Its possible to prolong the process but its all a question of luck and we have been very very lucky and could possibly still be but all gamblers know that eventually luck runs out as in 1997.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: sotong</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9735</link>
		<dc:creator>sotong</dc:creator>
		<pubDate>Wed, 18 Apr 2007 23:18:27 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9735</guid>
		<description>The Jews are no better than other races in this world. Why do Europeans hate them so much during WW2?

Human being contribute nothing to this world except pollution and destruction of mother Earth.

Mother Earth does need human being for her survival. We need her for our survival.</description>
		<content:encoded><![CDATA[<p>The Jews are no better than other races in this world. Why do Europeans hate them so much during WW2?</p>
<p>Human being contribute nothing to this world except pollution and destruction of mother Earth.</p>
<p>Mother Earth does need human being for her survival. We need her for our survival.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: undergrad2</title>
		<link>http://blog.limkitsiang.com/2007/04/17/the-nep-has-been-abused-to-help-the-rich/comment-page-2/#comment-9716</link>
		<dc:creator>undergrad2</dc:creator>
		<pubDate>Wed, 18 Apr 2007 19:04:34 +0000</pubDate>
		<guid isPermaLink="false">http://blog.limkitsiang.com/?p=148#comment-9716</guid>
		<description>&quot;I doubt you are aware of the chronology of the events that transpired after the initial NEP.&quot;

I will have to give that to you, Richard. I was away overseas during that critical period including the leadership crisis of 1987 and 1990 when you claim the NEP &#039;went through a restructuring&#039;. With due respect to you, one does not have to be an eye witness to the riots of 1969 to understand it, or to understand what the NEP is all about.

You seem to be Loh&#039;s contemporary who is sure that the riots were planned, organized and politically orchestrated by vested interests from within UMNO. In the immediate aftermath of the 1969 general elections when UMNO was reeling from the record loss of seats both at  state and federal levels,  forces were at work   from behind the scene (but exactly what their roles were have never  been determined)   manipulating incidents to cause more riots when nerves were already raw and deaths have occurred. That is as close as I could go to saying that the riots were organized.

The NEP was the result of the riots. One aspect of the policy was to provide credit to bumiputra and bumiputra owned businesses, to encourage bumiputra participation in business. It was a period when bodies like MARA and UDA and the Ministry of Trade and Industry took on aggressive roles; and to add that the Credit Guarantee Corporation (CGC) under the initiative of BNM.


When did such statutory bodies have anything to do with Chinese and Indians?</description>
		<content:encoded><![CDATA[<p>&#8220;I doubt you are aware of the chronology of the events that transpired after the initial NEP.&#8221;</p>
<p>I will have to give that to you, Richard. I was away overseas during that critical period including the leadership crisis of 1987 and 1990 when you claim the NEP &#8216;went through a restructuring&#8217;. With due respect to you, one does not have to be an eye witness to the riots of 1969 to understand it, or to understand what the NEP is all about.</p>
<p>You seem to be Loh&#8217;s contemporary who is sure that the riots were planned, organized and politically orchestrated by vested interests from within UMNO. In the immediate aftermath of the 1969 general elections when UMNO was reeling from the record loss of seats both at  state and federal levels,  forces were at work   from behind the scene (but exactly what their roles were have never  been determined)   manipulating incidents to cause more riots when nerves were already raw and deaths have occurred. That is as close as I could go to saying that the riots were organized.</p>
<p>The NEP was the result of the riots. One aspect of the policy was to provide credit to bumiputra and bumiputra owned businesses, to encourage bumiputra participation in business. It was a period when bodies like MARA and UDA and the Ministry of Trade and Industry took on aggressive roles; and to add that the Credit Guarantee Corporation (CGC) under the initiative of BNM.</p>
<p>When did such statutory bodies have anything to do with Chinese and Indians?</p>
]]></content:encoded>
	</item>
</channel>
</rss>

