Helping the poor Malaysians
Taiping boyPublished: Feb 15, 2001 6:11 AM | Updated: Jan 29, 2008 6:21 PM
Since the implementation of New Economic Policy decades ago, we had successfully nurtured many bumiputra entrepreneurs. This is evident as many multinationals such as Sime Darby are now controlled by bumiputra. This is a significant achievement by our current government. At the same time, it realises that the bumiputra still needed help since the 30 percent target has yet to be achieved.
I agree, too. However, we need to change our method of implementation as past successes do not guarantee more in the future.
A case in point: Under existing laws, a bumiputra house buyer gets a 5 percent discount from the developer. I suggest we change this law so that the poor bumiputra can be helped more efficiently. For example, a bumiputra buying a house that costs RM250,000 and above should get a 3 percent discount whereas one buying below RM50,000 can get a bigger discount (perhaps 7 percent). My idea is to use the same amount of money allocated to help more bumiputra, especially the poorer bumiputra.
I believe the allocation of funds in a government is the same as in a private business. The more efficient your fund allocation is, the better results you would get. The above is just a generic example. I hope the relevant authorities can make use of this idea, perhaps further refine it so that the government can better serve the poor bumiputra.
If this method is proven successful, we may even apply it to Malaysians as a whole. This is because we still have some non-bumiputra, especially the Indians, who are still living in poverty. Even though the number is small, we must not forget the minorities when making Malaysia a better place.
I agree, too. However, we need to change our method of implementation as past successes do not guarantee more in the future.
A case in point: Under existing laws, a bumiputra house buyer gets a 5 percent discount from the developer. I suggest we change this law so that the poor bumiputra can be helped more efficiently. For example, a bumiputra buying a house that costs RM250,000 and above should get a 3 percent discount whereas one buying below RM50,000 can get a bigger discount (perhaps 7 percent). My idea is to use the same amount of money allocated to help more bumiputra, especially the poorer bumiputra.
I believe the allocation of funds in a government is the same as in a private business. The more efficient your fund allocation is, the better results you would get. The above is just a generic example. I hope the relevant authorities can make use of this idea, perhaps further refine it so that the government can better serve the poor bumiputra.
If this method is proven successful, we may even apply it to Malaysians as a whole. This is because we still have some non-bumiputra, especially the Indians, who are still living in poverty. Even though the number is small, we must not forget the minorities when making Malaysia a better place.
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