GDP >>>

The trick is face value is used as the baseline

(adsbygoogle = window.adsbygoogle || []).push({});

UMNO is using FACE VALUE to calculate equity ownership to make sure it’s under estimate for bumi actual equity ownership.

Therefore, bumi equity ownerhsip will below 30% for another 50 year to justify NEP for bumi. I think it’s fair for bumi graduates to receive RM300 per month as per 1972’s salary scheme to justify face value methodology used (abused) by UMNO.

The reality is bumiputra equity ownership already more than 45% with the market value methodology, a universal standard used by all countries except Bolehland. Bumi equity ownership rose to 23%: Najib

KUALA LUMPUR, April 23 (Bernama) — Bumiputra equity ownership rose to 23.09 per cent worth RM167.7 billion in 2010, up from 21.9 per cent worth 27.4 billion in 2008, Prime Minister Datuk Seri Najib Tun Razak said today.

He also announced the collaboration of the Unit Peneraju Agenda Bumiputra (TERAJU) with two companies under the TeraS programme — Ahmad Zaki Resources Bhd and MITC Ancasa Hotel (M) Sdn Bhd — which will see the award of supply contracts worth RM500 million to bumiputra firms in two years.

Najib, who is also Finance Minister, attributed the increase in bumiputra equity ownership […]