Subscribe in a reader | Subscribe by Email “”We don’t want this to be an issue. What they (Maybank) should have done is just (follow the government policy), which is to help both (Bumiputera and non-Bumiputera companies),” Najib said.
“It is unfortunate that sometimes people interpret it in their own way,” he said.”
I’m confused. What is DPM actually trying to say? Maybank is right or wrong? The govt already practices a race-discriminative policy, so isn’t MBB just following the footsteps? Or possibly MBB should have not announced their new rules, and just implement it quietly like the other companies?
NAJIB: Don’t misinterpret govt’s policy for GLCs to help Bumi/non-Bumi firms M. Saraswathi, BERNAMA
http://www.nst.com.my/Current_News/NST/Wednesday/NewsBreak/20070509171649/Article/index_html
BOSTON, WED:
People must not misinterpret the government’s policy of encouraging government-linked companies to give business to both Bumiputera and non-Bumiputera companies, Deputy Prime Minister Datuk Seri Mohd Najib Tun Razak said Tuesday.
“There should not be any hard and fast rules but there should be efforts to help both,” he said when asked to comment on Malayan Banking Bhd’s new ruling requiring law firms to have at least three partners, one of whom must be a Bumi with a 50 per cent stake, before they can do any business with the bank.
The deadline for firms already doing business with Maybank — a government linked company — is a year after implementation of the new ruling on July 1, 2007.
The move has sparked a controversy among chambers of commerce and legal firms, with the latter saying they should be given jobs based on merit and not on racial quotas.
Besides Maybank, another unnamed bank is believed to have made a similar decision. “The government’s policy is that we want to encourage GLCs to give work to both Bumiputera and non-Bumiputera (companies), Najib told reporters at the ongoing BIO 2007, the world’s largest biotechnology convention.
“We don’t want this to be an issue. What they (Maybank) should have done is just (follow the government policy), which is to help both (Bumiputera and non-Bumiputera companies),” Najib said.
“It is unfortunate that sometimes people interpret it in their own way,” he said.
