Look at all the poor Malaysians, not just the Bumis, says Terence – Business News



PETALING JAYA: An academic who has done extensive research on the relationship between government-related companies (GLCs) and political funding said that the new Bumiputera agenda should look for welfare inequalities between less privileged Malaysians rather than just one race.

Prof Edmund Terence Gomez said that there was so much disparity between wealth among the Bumiputera community, especially in the states of Kelantan, Terengganu and Sabah.

He said the new agenda should not be limited to just the Bumiputera community, but all Malaysians who are poor.

"We want to hear more debate on this, it should be an economic congress for the poor," he said at the launch of the report, "Government in the business community: various forms of intervention & # 39; yesterday.

In the report, Terence shows how the GLCs are being used as a tool for the government to empower politicians and enable them to finance their political activities.

With the help of a team, Terence sketched the GLCs at federal and state level and why politicians were appointed in some of the organizations that were used as an instrument to grow their influence and power base.

"Economic prosperity is transforming into political influence," Terence said.

On another issue, Terence Muhammed described Abdul Khalid, the newly appointed economic adviser to Prime Minister Tun Dr Mahathir Mohamad as a person whose work was very focused on the poor.

He said it would be interesting to see how Khalid works with Dr. Mahathir, whom he described as a pro-business leader.

"Khalid & # 39; s knows the problems and it will be interesting to see him work with Dr. Mahathir," Terence said.

Khalid is the brother-in-law of former Minister of Finance Tun Daim Zainuddin, who has been appointed by Dr. Mahathir to lead the Council of Eminent Persons (CEP). The council was initially set up to help the government achieve the election promises within the first 100 days.

Dr. Mahathir had said that it would continue to function in assisting him.


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