UPDATED! PAS's Hadi Awang IS the alternate President of UMNO on Racial Issues. He Talks Like One !

UPDATE:

Kedah DAP has pulled out of the PAS-led Kedah state government.
Read HERE in Malaysian Insider and HERE in malaysiakini for more

--- END OF UPDATE ----

PAS President Abdul Hadi Awang today REJECTED the government’s plan to drop the 30 per cent Bumiputera equity requirement for Malaysian firms seeking public listing

He said the proposed measures are detrimental to the (Malay) race.

He told reporters in parliament:
“What was proposed before has not been achieved yet.
We want equality for all races but at the same time, the Bumiputeras must be given the strength.”

WE THEREFORE PROPOSE THE FOLLOWING POSTER
FOR
MANEK URAI, KELANTAN BY-ELECTION
_______________________________________

UNDILAH BARISAN NASIONAL
UNTUK PERPADUAN MELAYU

Read here for more on malaysiakini and here

The PAS President believes that the time is not yet right because the Malay community is strong enough to face economic challenges.

Hadi Awang also stressed that the community is still at a disadvantage because they lack infrastructural facilities which in turn narrows education opportunities.

“Because they are still left behind not only in experience but also economy and education. We have to realise that rural towns still lack the facilities and they have not yet been given the chance to catch up to the development enjoyed by other communities staying in urban areas,” he added.

Datuk Seri Najib Razak announced yesterday that the government will drop the 30 per cent Bumiputera equity requirement for Malaysian firms seeking public listing, the cornerstone of the New Economic Policy (NEP), but they will now have to offer 50 per cent of the public shareholding spread to Bumiputera investors.

The government removed the requirement for regulatory approval by the Foreign Investment Committee (FIC) on property transactions, except those that dilute interests of bumiputeras - a term for Malays and indigenous people.

Foreign investors will also no longer have to obtain approval for acquisitions and mergers.

The liberalisation move comes as the government warned the economy could contract by as much as 5.0 percent this year.


COMMENTARY

Poor Guidance From This Hadi

Read here in The Aisehman blog

This is one of the reasons why Hadi will NEVER be Prime Minister.

Obviously Hadi doesn’t understand much about the 30% Bumiputera equity requirement, if he understands anything about it at all.

Maintaining the requirement will not help provide better access to modern facilities in rural areas, it will not help provide greater education opportunities to rural Malays, it will not strengthen the community in any lasting and meaningful manner.

It never has and never will, Datuk Seri.

Do you mean to tell me that there was and is nothing wrong in giving away RM54 billion in shares to a few Bumiputeras for them to sell it off and get filthy rich quick?

You want this to continue, Datuk Seri? How Islamic is this sort of practice, if I may ask?

Datuk Seri, do you even understand what’s going on here?

IN THESE modern times, ulama should never be allowed to lead a country. Too few are equipped with the knowledge and understanding necessary for the task and responsibility.

I know the party elections were just held recently.

But I think PAS members should already start looking BEYOND Hadi as the party president who will lead them to Putrajaya