Archive for September 28th, 2011

Middle Malaysia

By Liew Chin Tong | September 28, 2011
The Malaysian Insider

SEPT 28 — Middle Malaysia is elusive but it is clear that whichever coalition that is able to win across the traditional fault lines of race, religion and regions takes Federal power.

Barisan Nasional is now the world’s oldest elected government still in office. Its predecessor, the Alliance party, first won the Federal election for self-government in 1955.

BN’s longevity in government can be attributed to successful manipulation of the carrot and stick. Carrots range from contracts for big tycoons to rural patronage for the Umno base while the sticks are really big – dissenters can be put behind bars without trial for years while the mass media are muzzled.

But there is something deeper: there is no alternative.
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Bumi quotas to go eventually, says Najib

By Clara Chooi
The Malaysian Insider
Sep 27, 2011

KUALA LUMPUR, Sept 27 — Datuk Seri Najib Razak expressed today the need to eventually do away with Bumiputera quotas but said the government must continue to support the community’s best talent to ensure a more competitive business environment.

The prime minister pointed out that the New Economic Model (NEM) promotes affirmative action based more on meritocracy, saying “we must promote the right Bumiputera”.

He said offering quotas would promote complacency, hamper economic growth and bury Bumiputera talent.

“What we have done in the past is we have not promoted the right kind of people.

“We want to do away from (with) quotas but we must support them (Bumiputera entrepreneurs) in a way that would allow them to grow,” he told the Khazanah Megatrends Forum 2011 here this evening.

“If we give them quotas, what will happen is that they will rest on their laurels and eventually, they will not gain expertise,” he added.

Najib said the 30 per cent Bumiputera equity target “does not mean anything”, particularly if entrepreneurs decide to sell off their shares when prices soar, leaving little in the hands of the Bumiputeras. Read the rest of this entry »