On June 30, 2009, in an article entitled 'DEREGULATION OF INVESTMENT GUIDELINES A FAIR POLICY FOR ALL, SAYS PM', Bernama reported:
Asked if the new measures would eliminate the Ali Babas, he said: "I don't think you can eliminate sleeping partners overnight ... I mean in businesses. But, I think it will reduce very substantially.
"At least, we are helping those who are helping themselves," he said. Najib said in the past, Bumiputeras got the shares and straight away they would sell them.
"At the end of the day the sell-down is enormous. We did our research. Very little shares are still left. So, the old model is not sustainable," he said.
Of the RM54 billion in shares allocated, only RM2 billion worth of shares were left in the hands of Bumiputeras.
Yesterday, ex-US envoy wrote an article in Asia Wall Street Journal entitled:
The Price of Malaysia's Racism
Slower growth and a drain of talented citizens are only the beginning.
Today, Tony Pua said:
Will Najib be a man and fullfill his promise that his New Economic Model is an "inclusive" affirmative action policy that would be, in Mr. Najib's words, "market friendly, merit-based, transparent and needs-based?
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