Poetic Justice

As promised in my last post, I would flesh out a little bit more some of my thoughts on Race and Religion. That said, I hope I can be permitted to approach the issue of “Race” within the narrower confines of Datuk Seri Najib Razak’s recent statement that 30% Bumi equity is still a national policy bearing in mind that the Yang Berhormat (“His Excellency“) is widely expected to be the next Prime Minister of Malaysia. I just think it makes for easier reading and comprehension.

So, without further ado, here is my open letter to the present Finance Minister in relation to his recent press statement …

Dear Yang Berhormat,

Introduction : The Change in Policy

Approximately 2 weeks or so ago, you mentioned that companies seeking to be listed on the Kuala Lumpur Stock Exchange may be allowed to offer their shares to non-Bumiputras IF the shares remain undersubscribed by Bumiputra institutions and the Bumiputra public. (“the New Policy“)

Many, it seemed, welcomed your statement. After all, the present policy appeared to be more liberal especially when contrasted to previous one.

However, I take a different view and I hope you will allow me to be somewhat candid about my views. To put it bluntly, I think you should fire the gentleman who proposed the New Policy. Of course, if you came up with it yourself, rest assured that you have my absolute sympathies about your predicament.

A Recipe for Abuse and Disaster

Still, I think I owe you an explanation as to why I have objections about the New Policy bearing in mind that whatever candour I have is naturally (or unnaturally) constrained by the provisions of the Sedition Act 1948.

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