In 2004, Morgan Stanley issued a report that estimated that over 100
Billion
US Dollars (360 Billion Ringgit) had been lost to Malay patronage in the
20
years preceding 2003. (1984 to 2003) One economist estimates that in the
36
years of its' existence, the NEP has been used to channel over ONE
TRILLION
RINGGIT to the Malay community through ASN, ASB and other related Govt
policies.

Since 1970, the Govt has used the NEP to divert education, employment and
every other conceivable benefit to the Malays. These measures have largely
been successful with all the top posts in GLCs, Government, Universities,
Public listed companies and practically every single area that the Govt
has
any control over being reserved for one race. No company may be listed
with
a lower than 30% Bumi equity but there is absolutely no problem if it is
otherwise. Some industries have a mandatory 51% Bumi ownership and some
industries are reserved exclusively for them. Petronas for example only
employs Malays for it's top managerial and executive positions and awards
contracts only to Malays.

ALL Govt and Municipal contracts are reserved to class "F" Bumi
contractors.
All the proposed projects under the 9th Malaysia Plan thus far are
reserved
for 100% Bumi owned companies. Even open tender projects are awarded to
Malays even if their prices are higher with blatantly inferior materials.
Micro business loans, business licenses, discounts on property purchases,
new Govt employment, EVEN LICENSES FOR HAWKER STALLS are reserved for one
race. The list goes on and on but the summary is that the Malays now
believes undoubtedly that he is racially privileged and it is their right
ASLI's figures of 45% are opposed to the Govt's 18.9% because, firstly,
equity value is calculated at par value. For example, if you hold 1,000
Maxis shares of RM 5/- market value each, the Govt
says that it is only worth RM 250.00 as these shares have a par value of
25
cents each. If you owned a company with a paid up value of RM 2/- but
conducted business worth millions of Ringgit worth of transactions, the
Govt
values that company at RM 2/-.

The chief setbacks of the abuses of the NEP are rampant corruption and
more
cronyism, worsening racial polarization, unrelenting brain drains, warped
educational system, thwarted economic competitiveness, ineffectual
bureaucracy, retarded economic growth and perverted social values. Such
anachronistic and regressive policy has no place in the present
globalizing
world, and for that matter, in any civilized society.

PM Badawi recently intensified the imprint of the perverted NEP philosophy
by prohibiting inter-religious and inter-racial discourse which would
otherwise have contributed to greater understanding and
harmony among the races. Consider the hegemony this has created.

The Jasin MP's saga of cheating millions from Customs over timber imports
went unpunished. APs are reserved for Bumis only and despite the millions
that each of them make year after year, a senator's son has the audacity
to
clone the APs several times and the whole thing gets swept under the
carpet.
A Port Klang councilor buys a 43,000 sq ft plot of land set aside for low
cost housing valued at 1.8 million Ringgit for 180k and builds a palace
without any approval. He gets fined RM 5,000 and still has 30 days from
today to submit his building plans. Yesterday, despite all the bad press
this issue got, the Selangor state Govt confirms his position and that of
his son and daughter in law as councilors. The message is clear. Power has
shifted from the people to the executive.

The whole issue of Bumi chauvinism started at last year's UMNO assembly
when
the very very vocal UMNO Youth leaders stated in short that "It's our turn
to be rich." This greed is not going to end. We as a nation of loyal
citizens have to put a dent into this rubbish for the sake of our
children.

We don't need a change in Govt.
We need a stronger Opposition.
We need to send a message to the powers that be that we will not accept
second class status for our children.

Colin Nathan
(A Concerned Malaysian)

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