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18.9% or 45%?
Umno would never
tell you the
18.9% or 45%? Umno would never tell you the truth
Liu Tian Khiew
by Ronnie Liu Tian Khiew
Friday): Opposition Leader Lim Kit Siang who has just returned from Geneva immediately asked whether the Government has forgotten about his promise on revealing the data and methodology on the issue of bumi equity. He must have sensed that the Cabinet has yet to discuss the matter and would probably have intended to sweep everything under the carpet.
I have earlier predicted that the Barisan Nasional Government under Datuk Seri Abdullah Haji Ahmad Badawi would not allow the EPU to disclose its data and methodology to demonstrate how the highly questionable 18.9% bumi equity. Two weeks have come and gone and have you heard anything from the Prime Minister?
My prediction was based on the following observations:
1. There's no way the EPU could justify its claims. You do not need an accountant to tell you that using par value as a basis of calculation can never get you the correct answer. The method was used because of political motivation on the part of Umno. Umno would never admit that the target of 30% bumi corporate equity was succeeded so that they could continue to justify the extension of New Economic Policy (NEP). With the prolonged NEP, Umnoputeras could then continue to benefit from measures like mandatory 30% share allocation from listed companies, government and GLCs procurement and other perks and privileges.
2. Umno does not want the ordinary Malays and other Bumiputeras to know that all the shares and equity were concentrated in the hands of Umnoputeras, as such realization or awakening would be detrimental to Umno's support base. In other words, they cannot continue to use Chinese and other non-Bumiputera communities as bogeymen or scapegoats. Umnoputeras would not want to lose their undeserved entitlement, abuse of power, corruption, intolerance of others and laziness (borrowing the words from MD SAID of San Francisco, USA- Why are we lagging still?)
Both the prime minister and his deputy would probably pretend that nothing has happened (semuanya ok) and hoping that Malaysians of short memory (mudah lupa) would not question them any further. The lesser leaders like the one described by Mal Inchi2 in his letter to Malaysiakini would continue to be offensive and behave rather arrogantly. After all, Umno leaders have the tendency to rule this country with secrecy and threats.
The anger and
concern expressed by Mal Inchi2 in his/her letter entitled "
People shouldn't fall for gov't trick" on Oct 26, 2006
was truly understandable. We agree that TV3 should not be used by the
Barisan Nasional Government to "downplay the results of the Asli
findings plus an assault on those who question the government's
methodology for calculating bumi equity".
Need I add anymore?
Ronnie Liu Tian Khiew,
DAP CEC member and NGO Bureau Chief