Oct 15, 2006

Government Is Transparent About Equity Share Of The Races - Najib

Warning and warning...

Extracted from BERNAMA
Government Is Transparent About Equity Share Of The Races - Najib

KUALA LUMPUR, Oct 15 (Bernama) -- Datuk Seri Najib Tun Razak Sunday warned all quarters not to depict the government as not being transparent about the equity share in the national economy by the various races based on the figures arrived at by the Economic Planning Unit (EPU).

"The government is indeed transparent about it. Statements are being made to the contrary," he said in response to the remarks by Gerakan president Datuk Seri Dr Lim Keng Yaik who wanted the EPU to reveal its methodology how it arrived at the Bumiputera share of the national economy at only 18.9 per cent.

The Deputy Prime Minister also said that government did not have any problem in making public the method used if there was still doubts.

"The government's figure (on the Bumiputera share) is based on detailed and objective studies. We have no problems (revealing how the figure was arrived), but we don't want cynical remarks made that the government is not transparent or the like," he told reporters here.

Najib also stressed that the calculations were based on the overall figure and not modified to reflect the interests of any one community.

Lim yesterday had said that the methodology used by EPU should be revealed as Gerakan was of the view that something was not right with the 18.9 per cent figure as it had not shown any improvement since the New Economic Policy (NEP) was introduced in 1970.

He also wanted the EPU to issue the figures on equity control of companies held by Bumiputeras since the NEP was introduced.

The issue of the Bumiputera control of equity in the national economy became a controversy when the Asian Strategy and Leadership Institute (ASLI) claimed that the community's share had reached 45 per cent.

It was rebutted by the government as the EPU had calculated the bumiputera portion to be only 18.9 per cent. ASLI later apologised and retracted its report on the issue.


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