Government should not bail out MAS
All CEOs of the GLCs must be Malay Muslims, though some of them are of mediocre calibre and even though there are capable non-Muslims out there. Non-Malays are marginalized in Malaysia.
Lok Wing Kong, The Malaysian Insider
I am extremely happy to note that the acting Transport Minister Hishumuddin has told MAS to stand on its own feet and the Government will not bail it out of financial problems.
This should have been the way to treat MAS and all other GLCs. Huge sums of taxpayers’ money have been dished out for years to financially support MAS to keep MAS flying.
It is time to put a stop to it.
It is not the money of the persons who are appointed to run MAS. They, therefore, never bother one bit.
Since the money belonged to the taxpayers, even the BN/Umno government was not bothered by it.
All CEOs of the GLCs must be Malay Muslims, though some of them are of mediocre calibre and even though there are capable non-Muslims out there.
Thanks to this policy the Malays Muslims have had opportunities to helm huge corporations and thereby they gained valuable training.
The country has paid the price incurring huge hemorrhage year after year since independence.
There are umpteen cases of GLC failures and the government just continues to dish out big chunks of financial aid, ensuring they are afloat.
It must be the ego at play. In this manner Malaysia may soon become the Greece of the east.
Non-Malays are marginalized in Malaysia.
The US President is not blind and he therefore hit the head of the nail by pointing out that the country will not succeed and prosper if the non-Malay minorities are not given the same opportunities.
It is sad that this has been condemned as untrue, as evident in many BN/mno and right-wing Malay NGOs protesting against the US president Barack Obama.
There are many policies initiated by BN/Umno such as the New Economic Policy (NEP), New Economic Model (NEM) and Bumiputra Economic Empowerment Agenda (BEEA), just to name a few, which are purportedly affirmative action for uplifting the Malays, but only BN/Umno cronies and a very few having good connections benefitted.
This group of Malays monopolizes all sorts of benefits generation after generation,leaving a majority of Malays neglected and who remain as poor as when NEP was implemented in 1970.
The Achilles heel of the country is that the BN/Umno insists on continuing mediocrity in practically all fields of human endeavour.
