I have given notice to the Speaker, Tan Sri Ramli Ngah to move a motion of urgent definite public importance on Wednesday on the controversial speech by the European Commission Ambassador to Malaysia Thierry Rommel critical of the New Economic Policy and the country’s declining FDIs and competitiveness.
The motion I have submitted is […]
I am not surprised by the Cabinet decision yesterday directing Maybank to withdraw its discriminatory ruling that law firms must have a bumiputra partner with at least 50% stake before they could qualify to be on its legal panel as this is the outcome of the first “Ijok effect”.
Although the Barisan Nasional (BN) […]
by I Bernadette
First, my ethnicity is irrelevant — and I am not defending MayBank or/and its policies.
The fact that racial discrimination has been ‘cast in stone’ so to speak, into policies of organizations like MayBank, is nothing new. In Malaysia, corporations linked to the Government and not just MayBank have […]
Although Maybank Bhd has said that it will review its new ruling that with effect from 1-7-2007, one of the criteria for legal firms to be on its panel is that 50% of the equity of the partnership of the legal firm must be held by Bumiputras, its statement is ambivalent and unsatisfactory.
This is because […]
What else does the Govt want from Us?
by Richard Teo
On the same day when it was reported that two major banks “require law firms to have a minimum of three partners of which one must be Bumiputra with a minimum 50 per cent stake in the firm before they can do any business with the […]
The Prime Minister, Datuk Seri Abdullah Ahmad Badawi should scrap the inequitable and unacceptable Maybank extension of the New Economic Policy (NEP) by requiring law firms on its panel to have at least 50 per cent bumiputra partnership.
Maybank has imposed the rule that with effect from 1-7-2007, one of the criteria for […]
Is the next general election likely to be held before 50th Merdeka Anniversary celebrations of August 31 as a result of the Machap and Ijok by-elections?
Until now I had completely ruled out the possibility of the next general election being held before August 31 as the hundreds of million of ringgit that […]
Singapore Malays better off than Chinese in Malaysia
by Richard Teo
It is rather ironic that Baki Aminuddin could venture to write in Malayisakini that “S’pore Malays worse off than Chinese here” when in fact the opposite is the truth.
Before I begin to answer his fallacious argument I would like to pose one very simple question […]
The NEP has been abused to help the rich
by Richard Teo
How long can the govt continue with its NEP policy? If the govt’s denial that ASLI’s report “of 30% bumiputra equity ownership had already been exceeded ” then it’s incumbent upon the govt to provide a clear official methodology as to how corporate equity […]
The reply by the Minister in the Prime Minister’s Department, Datu Nazri Aziz in the final winding-up of the debate on the Royal Address yesterday is totally unsatisfactory and unacceptable, particularly on four public interest issues of national importance.
As Nazri’s reply blatantly disregarded the paramount principle in nation-building which had recently been enunciated […]
Winning back FDIs
by Dr. Chen Man Hin
Prime Minister Datuk Seri Abdullah Ahmad Badawi announced a bouquet of incentives to induce foreign investors to put their money in Johore’s Iskandar Development Region (IDR). Undeniably the incentives are attractive.
While the development of IDR is important and should be encouraged, it is vital to realise that foreign investments […]
Why Iskandar Development Region will fail
by Richard Teo
The response from the foreign investors to the Iskandar development Region is quite evident. After few months from its launching, the Iskandar Development Region has received lukewarm response from the foreign investors.
This prompted Tun Musa Hitam, a member of the Iskandar Development region Authority(IRDA)advisory Council to say unequivocally […]
Thirdly, on international competitiveness.
The Royal Address quoted the World Competitiveness Yearbook 2006 where Malaysia’s position has improved from 28th place in 2005 to 23rd place in 2006.
Since last month, the government has tried to generate a “feel good” atmosphere among the people with the message that good economic times are back.
Parliament […]
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