Screw Lim

OK Lim, the report from ASLI is full of shit because:

Are you saying that because the government is controlled by UMNO, and UMNO is a Malay party, and because GLCs are owned by the Government, so naturally the Malays own the GLCs?

Are you saying that because Malays are priveleged to have 30% of stake in companies going for listing and usually they divest their interest for a profit and because of that the companies must maintain the 30% of Malay equity, that it is a leakage in the system, and the Malays are taking advantage of an 'instant' wealth program? When the report states that the divestment by the Malays are usually channelled back to properties and such, that the volume of Malay wealth is not necessarily decreased, what about the volume of Chinese wealth?

"The rise of the Malays in emerging sectors, especially in key executive positions is a good indication that Malays no longer need the NEP" - well, it doesn't mean we own these companies.

I've got more points, but I hate to argue more. I'm not an economist, but I think even my grandma understands that the report is just crap.

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Lim free to resign based on principle, says Mirzan

PETALING JAYA: Asli’s head of Centre for Public Policy Studies Dr Lim Teck Ghee has resigned over the controversial studies on bumiputra equity ownership in Malaysian companies.

Dr Lim: Disagreed with Mirzan

His resignation, effective from the end of the month, came after Asli (Asian Strategy and Leadership Institute) president Mirzan Mahathir issued a statement on Tuesday that the studies by the centre that showed bumiputra equity ownership could be as high as 45% could not be vigorously justified.

Mirzan said that after re-examining the methodology and conclusions of the report, Asli had concluded that there were shortcomings in assumption and calculation that led to conclusions that could not be vigorously justified.

He also expressed deep regret over the “hurt and confusion felt by all Malaysians” caused by the report.

“Since I cannot agree with Mirzan’s statement and because of the need to defend the position and integrity of independent and non-partisan scholarship, I will be stepping down from my position at the end of the month,” Dr Lim said in a four-paragraph press statement here yesterday.