The supposed reasons for this initiative is to improve the economic standing of the Malays, as well as to somehow defend the position of Islam and Malays. The underlying reason was the upcoming Umno-PAS gathering.The economic problems of the Malays are not new. The British Colonial policy of divide and rule, as well as the failed laissez-faire policies of the post-Merdeka Alliance government, contributed to the May 13, 1969, tragedy.
The same is true for Tabung Haji . The original function of TH was to enable savings by the Muslim community to perform the Hajj. It was not supposed to morph into a form of investments for the public. This was the transition that South Korea, Taiwan and Singapore - economies that were once at the same level as us - had gone through. However, they increased productivity and wage rates by adding value to their economies.
But are we going to be swayed by demagoguery or are we going to take concrete steps to resolve the Malay - and hence the wider national economic crisis - by looking at the problems within our community?
Great article niknazmi.... one your party members in the cabinet should look into, instead of infighting.
Give a man a fish, he eats for a day, teach a man to fish, he eats for a life time...
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