"Patriotic ruling". Key Umno leaders now want Malayan Banking Bhd, lynched early last week for a ruling on a 50 per cent Bumiputera ownership for legal firms that want to get on its panel, to be allowed to retain the controversial ruling.
Utusan Malaysia has the story on its front page yesterday [Maybank diminta kekalkan semula syarat 50% pemilikan Bumiputera].
The article quoted seven Umno leaders, several from the governing Supreme Council of the party; namely, its vice-president Ali Rustam, who is also the Chief Minister of Melaka; former Melaka Chief Minister and now chairman of Gagasan Badan Ekonomi Melayu (Gabem) Rahim Thamby Chik; Umno liaison boss Muhammad Muhammad Taib; Minister of Rural and Regional Development Aziz Shamsuddin; Puteri chief Noraini Ahmad; and youth leaders Subahan Kamal and Rizal Merican Neena Merican.
Subahan, for example, said Maybank's new guidelines should not have been questioned by anyone as they are clearly aimed at safeguarding Malay interests."It should not have been made an issue. It is so odd that so many quarters are questioning the move, including the fact that it was brought to the Cabinet.The Scribe has put up a commentary on this, with the hope that the Utusan Malaysia newspaper editor responsible for publishing the story will get to keep his job. Since the Prime Minister has distanced himself from the Maybank guidelines [read here], it will be interesting to see how he responds to the Seven, and how this issue will develop, during the coming week.
"Why don't we view it as an effort towards encouraging the growth of the Malays, who seem to be losing more and more of their rights?"
Sunday, May 13, 2007
Seven want Maybank to retain 50% Bumi ruling
at May 13, 2007
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