A Proof that Article 153/DEB it is not just about bumis but it is about the whole health of Malaysia economics

Joe Kamarn

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Article 153 of the Constitution of Malaysia - Wikipedia, the free encyclopedia

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Article 153 of the Constitution of Malaysia grants the Yang di-Pertuan Agong (King of Malaysia) responsibility for “safeguard[ing] the special position of the ‘Malays’(see note) and natives of any of the States of Sabah and Sarawak and the legitimate interests of other communities” and goes on to sp

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    Joe Kamarn
    Although the Bumiputra have always been the largest racial segment of the Malaysian population (about 65%), their economic position has always tended to be precarious. As late as 1970, 13 years after the drafting of the constitution, they c...ontrolled only 4% of the economy, with much of the rest being held by Chinese and foreign interests. As a result, the Reid Commission had recommended the drafting of Article 153 to address this economic imbalance
  • Joe Kamarn
    James Wong, allow me to correct u. The whole Malaysian deserve the best treatment. Do u think Article 153 or DEB is only about Bumis? It is about the whole health of Malaysian Economy. How ur economy going to float when 65% of Malaysian pop...ulation which coincidentally bumis doesnt have spending power? Only after implementation DEB, we see the emergence of billionaires which most of them are not even bumis, government taxes/revenues increased, Private sectors income increased double digits and our growth GDP hit all time high 8% a year for 20 years straight since Mahathir time. Is it only bumis benefit? NO! everyone scores. It is just good business
  • Joe Kamarn Why? Because with DEB, this country have created new powerhouse in terms of purchasing power parity which is the bumis. And these bumis where they spend most of their money? Guess la.