80 percent of Malays in lower income category?

May 19th, 2010 by poobalan | View blog reactions Leave a reply »
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I’m curious to know the source of this statistics. Strangely enough, I didn’t know there’s a “lower income” category. I think there’s high income, middle income, low income, poor, and hard core poor only. And I must admit, looking at the crowd in urban areas, the 20% who are not in “lower-income” groups seems to be a lot. Just go to Shah Alam, Bangi, Putrajaya, KL happening areas.

And I wonder what’s the statistics like for other major communities. Also in the 70-80% bracket? Should be, because we only have small number of tax payers.

I think something is seriously misleading in this statistics and its irresponsible to publish such news without proper source reference.

Malay entrepreneurs must evaluate critically and openly why 80% of Malays were in the lower income category, Deputy Prime Minister Tan Sri Muhyiddin Yassin said.

He said they should be introspective and practice self-critism to grow.

“To succeed, we need to be introspective and practise kaizen, which means continuous improvement. Introspection must include the element of self-critism,” he said at the closing ceremony of the Malay Entrepreneurs Convention here Saturday.

He said under the New Economic Model (NEM), the Government wanted to have practises based on merits, needs, transparency and market-friendliness.

“Malays must see the NEM as an opportunity and not a threat. Malays must be less obsessed with processes and procedures compared with output.

“A pragmatic and practical attitude is better than being dogmatic,” he said.

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