|
30 Per Cent Equity Shows The Malays Have Compromised A Lot |
|
|
|
Posted by admin
|
|
Friday, 31 October 2008 09:31 |
|
Higher Education Minister Datuk Seri Mohamed Khaled Nordin said the policy to have 30 per cent Bumiputera equity participation in public companies showed that the community had compromised a lot even though they form 70 per cent of the country's population.
"The question is, what is the appropriate percentage of Malay and Bumiputera participation in the economy?
"Should the Malays be left without any involvement in economic activities or let them remain at 20 per cent or should they be given 60 to 70 per cent instead?" he said at a news conference after visiting the Al-Madinah International University here.
He was commenting on a statement by MCA vice-president Datuk Liow Tiong Lai urging the government to do away with the 30 per cent Bumiputera equity participation in public listed companies.
Meanwhile the 4B Youth Movement expressed disappointment over the statement.
Its secretary Datuk Jamaluddin Abdul Rahim told reporters in Ipoh, Perak that the policy had been agreed upon by the country's past leaders to address economic imbalances between communities.
"We hope that young leaders in the country look back and study the history behind the 30 per cent equity policy, which was made following the May 13 incident," he said.
- BERNAMA
|