Posted by Koon Yew Yin > 2014-06-28 08:04 | Report Abuse

What can you say or do when the BN Government awards the Water, Electricity and Highway concessions without open competitive tender? These are essential monopolies we must have. Without competitive tender, all of us will have to pay higher rates. That is why Malaysia is lagging behind.

Can you imagine the Singapore Government awarding large concessions without open tender?

Elected MP cannot even question these in Parliament because they are under the NEP. Allah only knows when the toll collection will stop!

Posted by optimus7 > 2014-06-28 08:08 | Report Abuse

Bullyland

Posted by sunztzhe > 2014-06-28 13:03 | Report Abuse

NEP is a powerful money making machine for the elites. The long term impact of NEP is to FURTHER ERODE Malaysia's economic competitiveness and it had already done so ever since the NEP was introduced in the 80s.In the early 80s the neighbors such as China, India, Indonesia, Philippines, Vietnam were still sleeping. Now these countries had embarked on economic reforms to make them even more attractive to investors and consequently the regional/global competitive economic scenario is much more intense now with the entry of newer players. Somehow the Malay majority are still behaving sebagai "Katak di-bawah Tempurung and they still need tempurung for protection!"

New Business investment capital destined for ASEAN will go towards neighboring countries that will yield relatively highest return on their invested capital.

The ultimate losers are all Malaysians including the ordinary Malay folks. The gainers will still be the elites as they continue to earn very good profits and they cannot be questioned by the lawmakers in Parliament.

Posted by hybrid2013 > 2014-06-28 13:07 | Report Abuse

Those days nep is effective but now not anymore coz it being leverage and used by d elite Malay for their own consumption and selfishness

Posted by izoklse > 2014-06-28 13:30 | Report Abuse

Frank Soweto we called him in PETRONAS Dtk Shamsul. Hassan Marican & Late Tan Sri Azizan is the one who bring PETRONAS to its glory and because of that we want someone like them to manage PETRONAS. Not Dtk. Shamsul. By the we in PETRONAS call him like that. Dtk Wan Zul can replace him also but too much at Dtk Wan plate already. We want someone like Hassan Marican and late Tan Sri Azizan to manage PETRONAS. We dont want dtk Shamsul. Please leave the company and we home govt will push him out of the company.

Posted by sunztzhe > 2014-06-28 21:25 | Report Abuse

How can NEP be effective and instill greater competition in Malaysia's economy if the end result is to create a dependency mindset amongst the Malays? Malays now think that they cannot succeed WITHOUT THE NEP? Why must this be so?

In the early 80s Malaysia was relatively more attractive due to the lack of competition from China,India, Thailand, Indonesia, Vietnam, Burma, Laos, Cambodia, Philippine. It is akin to a economic boxer who looked relatively good because there was hardly any opponents who were relatively as good or better than the Malaysian economic fighter. So over the ensuing years the NEP weakened the Malaysian economic fighter. During the same period newer and younger economic fighters had emerged with better economic strategies, fighting skills, better skillsets compared to the Malaysian economic fighter. The Malaysian economic fighter realizes now that it cannot fight to win now without much effort now as it had wasted so many years of opportunity to strengthen its economic fighting capacity and capability. However the elites who had promoted NEP had benefitted enormously from this powerful money making machine.

Unfortunately the stark reality as evidenced by Peseks's article is that the NEP policy over the years had weakened Malaysia's economic fundamentals and its economic competitiveness. Malaysian Talents over the ensuing years had left Malaysia to contribute to other nation's economic growth for better paying careers and for better economic opportunities for themselves. The question in everyone's mind is

"Why can't Malaysia create the opportunities for these talents to stay, work and thereby contribute to Malaysia's economic achievement in research and development field which requires talented skills and state of the art professional knowledge?"

" What had been the opportunity cost forgone by Malaysia as a result of its NEP policies?"

" How much could Malaysia economy develop in scope , width and depth if these talents work and contribute to Malaysia's economic growth?"

"Would Malaysia be ahead of achieving its VISION 2020 target before 2020?"

Now the global economic war is waged on the WAR TO HIRE TALENTS AND RETAIN TALENTS. Malaysia all these years had been nurturing and exporting talents. How can Malaysia ever fight in the new global economic war if it continue to export talents?

Malaysia endowed with the richness of its natural resources and home grown diverse human talents could have been the shining beacon of economic prowess now if it had retained and attracted more talents to contribute towards its economic growth and to push its economic potential to a much higher sophisticated level. Unfortunately due to the shortsightedness of its NEP policies where the elites see this as a powerful money making machine for themselves, it had squandered the golden years during the early 80s whilst the economic giants today were still sleeping blissfully in slumber land.

Posted by Mahsing8888 > 2014-06-28 21:26 | Report Abuse

Tiew lor so long writeup....

Posted by OptimusX8 > 2014-06-28 21:27 | Report Abuse

Malassia logic all garbage.

Posted by Mahsing8888 > 2014-06-28 21:30 | Report Abuse

Optimus tiew you ....kakakaka

Posted by Mahsing8888 > 2014-06-28 21:53 | Report Abuse

Optimus so clever everyday gets kick out......he like Luis Suarez....bite bite and come back for more.....

Posted by davidtkt > 2014-06-28 22:43 | Report Abuse

As a Malaysian, I think almost everyone knows d problems, and yet accept d facts. Simple reason is majority benefit from d goods n bads fr our government. But to develop into a better nation, d only way is to change a new Government at least for 20 years. And it will b good for all Malaysians including bumi n non bumi except Umno only. U agree?