Malaysian View

Just share my opinion of anything i saw and i view

Friday, October 20, 2006

How Government compute the shareholding for Bumi in Malaysia?

I Really not understand, why until today that group of people still insist the bumishareholding still 18 % , the figure even lower than 1990 (19%). ANY WRONG WITH GOVERNEMNT POLICY? Does the government pro non bumi. I think the agenda behind is the unit group of bumi and non bumi of malaysia wanna using this as umbrella due to their interests and they wealth of their own pocket, let the majority of malay and Indian group and minority of China people still living as poor as before.

I not mention chinese here, comparatity overall living for chinese is better than other race in malaysia, but does this given by government? no need to ask, we know that from our heart. That is hard work and earning for their own. Those millionare like Zakaria family, can build a 10 million dollar house in low costs house area... and many privilage was given to him, why the population in that area of malay ( i believe so ) was not entitled to those privilegae.

I believe even the malay if illegal rebuild or construct, not only will given fine, but will strict follow the law. and will be colapse the whole building by the end. why the unit of this man? We d0nno, how the wealth creation of become billionaire for just become 2 time parliment ( may be just states). Please share with us , we want to learn so that the bumi share of wealth won't stay at 18%. Does government will do anything on that. we wait and see, and anwer is, they will put this all under the bed and ask poeple in malaysia shut up. shit!

Again the EPU comment on shareholding based on Par value and we know , out of this 600,000 company under review, most of them is not listed and government simply using that method as calculation. Yet we know asli calculation is based on market value of listed entity in malaysia.
they conclude 45%.

I believe market value is more realistic to reflect the real situation, because for non-listed entity i believe they are no value of their share! not believe , plsease paid me 8 dollar per share for my company just like government buying Mas few year ago. If government not believe that why paid 8 dollar for that? The goverment believe as is bio like baby, please don't ask, just trust our figure...hahaha.

The only argument here is GLC company grouping, ASLI using their 70% market value as bumi share and 30% as non bumi share computation. The goverment said that is rubbish report. Does it really rubbish? First where is the money for GLC company from, from khazanah? How is the control administrationa and power .... all is control by certain upper group of Malay or bumi, You cannnot said that is certain company got non bumi employee, then this is malaysian company and not bumi company, vice versa if chinese company recruit malay, then how we value it?

If the said group of people fail on the project of GLC company making huge loss, who cover ? Goverment or tax payer as public, so who is the ultimate control is special group of malay.
so does the 70% can relect the true? Yes i believe,

The government does not admit that bumi owing 45% due to few reason.

1. Who control this 45%, why majority of malay as poor as before, even may be they got suppoty to buy house at discounts? (Goverment ask them to buy poor quality car with premium price :Proton) Why holding this wealth? is 1 % of Malay ? Goverment won't tell you true on this, they are many zakaria in the Umno or MCA or Barison.

2. Why the economic grow 6% per annuam . you and me or our boss and company, most of them never grow or even making huge loss, and no Bonus or increament is given to us, and we shall paid higher price for inflation, We feel poor and poorer than before. Not believe, just check the Bursa Malaysia corporate annuam reports , how many company constant grow?

If malaysia wanna to be in globalisation, please see our small neighbour SINGAPORE, they are far far away from us. Even we start speed up, may be can stay the distance and put it more and more behind, the whole region are coming up. Thailand and Vietnam, Even certain report show that INDONESIA is gettting more attention of foreign fund than us, this can compared the stock market performance for this 2 country!!

Lastly, Please don't put attention on who owing how many % of wealth, I hope can getting less % with bigger cake, no need to fight for small cake now. Our country is sicks, and serious sicks, with the weak government, corruption everywhere, many Indian and Malay young people didnt work or in productivity and stay just created crime, mat rempit , wake up, who support you that is make you be like that. Hope we got better tomorrow !!!1 GOD LOVE MALAYSIA

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