Thursday, November 16, 2006

Throw Statistics Down The Well (2)

He said that he respects 'freedom of expression'...

[UMNO President's speech at the UMNO General Assembly 2006]

But questioning the statistics is 'accusing the government of lying'...



But the 'best practice' is still unfounded and remains elusive...



To quote:

In his statement yesterday, Lim said that if the EPU wanted to make the claim of international endorsement, it should cite the full details. Otherwise, no one would believe it and its claim of so-called “best practice”. Lim was responding to a statement by Minister in the Prime Minister’s Department Datuk Seri Effendi Norwawi on Monday, that the EPU’s methodology of calculating bumiputra equity ownership was recognised by international financial bodies such as the World Bank, the International Monetary Fund and the Asian Development Bank.


And in an interview with theSun, the 'rubbish' minister regurgitated what was stated earlier:

Muhyiddin Yassin: My reaction to Asli has been quite vocal. I read the full report, and the basis that they used to evaluate the whole issue of bumiputra participation and their net worth in the economy is incorrect. Many (of their methodologies) were not in tandem
with what the government (did). For example, sampling – they mention some 1,000-odd (companies) from the KLSE to show the strength of bumiputra interest. This has been said by the PM to be incorrect because we use a sampling of some 6,000-odd companies, listed and unlisted, to come up with a more realistic figure. When the NEP (NewEconomic Policy) was first developed, evaluations were made on the basis of par value. Asli can say this is not the true picture of the real (market) value of company assets, which is also true, but if they want to go on that basis, it has to be applied to all other (areas). For example, landed-property bumiputra have one acre here, nonbumis one acre in the city…(Asli’s methodology) does notreflect the true picture.

To include GLCs (government-linked companies)is totally uncalled for, the argument being that GLCs are managed by bumiputras. Management is one matter; the ownership of GLCs is the government. Who owns the government? The people.Who are the people? Malays, Chinese and Indians. So to say it is bumiputra-owned is not correct. The government’s approach has been ongoing since 1970, initiated in the DEB (Dasar Ekonomi Baru or NEP). (Then,) every component party within BN and every section of the population accepted it... When the NEP was re-evaluated after 1990 – how much had we achieved? The government came up with a figure of some 18-19%, which was remarkable progress from less than 1% in 1970...So when Asli came out with this, I said this is totally wrong; the implication is far-reaching. A lot of question marks (will be raised) about what the government is doing to help (a particular) section of the population without being viewed as if too much privilege were being given.

If you say 45% is already owned by the Malays, why continue to help the Malays? They are already rich. This becomes the rationale. Then the Chinese will feel slighted because they’ve not been given fair attention; the Malays feel it is not correct
because the majority in the kampung are still poor. If you include the bumiputra of
Sabah and Sarawak who form the major part of the equation, then they would feel
not only unhappy, but would come out in revolt against the government.

Now, how does the infamous 'poem' sounds again.

If it's a [insert ethnic group] problem, it's a national agenda.
If it's a [insert ethnic group] problem, it's a racist agenda.
If it's a [insert ethnic group] problem, it's a...non-agenda.


Throw statistics down the well.

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