[UPDATED VERSION] How successful do you think National Economy Policy (NEP) is?
March 2007, former deputy prime minister Tun Musa Hitam said it’s time to give up NEP.
"Contract awards will have to be on merit, the Malays will have to face competition. There needs to be a revision, updating, of the way we approach it," he said.
Last month, EU’s Ambassador to Malaysia Thierry Rommel openly criticized the NEP in which he described the NEP as discriminatory and amounts to protectionism.
"The government is using the NEP as an excuse to practice "significant protectionism of its own market," including the automotive sector, steel, consumer goods, agricultural products, services and government contracts," he said.
Strangely, according to our information Minister Zainuddin Maidin, one of the success key of NEP is in producing a big number of Malay professionals, many of whom have made a name for themselves in major cities in the world like London and Dubai.
"It is said that some of them earn as much as RM50,000 a month in big cities like London and this has made them decide not to return to Malaysia but to continue with their careers in those places because of the lucrative income."
This is the problem in Malaysia, especially with minister like ZAM.
Doesn’t he feel shameful of boasting about the fact how successful NEP can be and at the same time, most of those successful Malay professionals are earning big money elsewhere but do not even think of coming back to Malaysia?
Correct me if I’m wrong, but is that what we mean by successful? Successful of being able to produce but incapable of retaining top Malay professionals?
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So they earn big money, and they are not in Malaysia. SO? SO? What is the point of making them rich in the first place if they do not contribute back to Malaysia? We might as well donate money to Bill Gates and say that we made him rich and he is now in US.
DUH!!!
Zam has got a warped sense of logic and is displaying it with zest as usual!