Just how racist is the Malaysian government? The nation openly promotes, practices and endorses APARTHEID on a grand scale. The irony here is that, when it comes to collecting taxes, the bulk of which comes from the non-Malays. This is a pure display of racism against the minorities of the country. Yet the ruling party is talking about racial unity while ostracizing the ethnic Chinese & Indians and encouraging the expatriates to come home to serve the country. Such injustice does not bode well with the international community. Spoon-feeding certain race since 55 years ago only serves to make them more and more dependent on governments handouts and less competitive locally and globally. What a shame!!!! QUOTE: Prime Minister Datuk Seri Najib Razak (pic) today announced a RM200 million Bumiputera Business Expansion Fund to help technology-based Bumiputera companies to expand their business to international level. For a start, RM25 million allocated to the Bumiputera Agenda Steering Unit (Teraju) in the Prime Ministers Department, will be managed by the Malaysian Technology Development Corporation, he said. The fund will provide flexible loans without any collateral and the repayment period is six years starting from the second year after the loan has been disbursed. However, every project proposed must have profit prospects. The proposal paper must focus on business expansion, said Najib, who is also the Finance Minister, after chairing the Bumiputera Economic Council meeting at Parliament House. The prime minister said the business sectors eligible to receive the financing are technology-based in the biotechnology field, green technology, oil and gas, electrical and electronics, information and communications technology, nano technology and food technology. Najib also announced another seven Bumiputera companies that would receive the Facilitation Fund Grant totalling close to RM20 million to implement various projects. UNQUOTE my.news.yahoo/najib-announces-rm200-million-bumiputera-business-expansion-fund-112631364.html
Posted on: Mon, 10 Mar 2014 13:06:08 +0000
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