Sarawak timber tycoon Lau Swee Nguong has offered to buy media baron Tiong Hiew King’s entire stake in Nanyang Press Holdings Bhd and distribute it to the Chinese community. [Sun2surf]

Tiong created chaos in Chinese community when his newspaper company Ezywood Option Sdn. Bhd. took control of Nanyang in October 17, buying the stakes from MCA owned Huaran Holdings. The community feared that Tiong, who also own Sinchew, is going to monopoly Malaysia Chinese newspaper industry.

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An article from Michael Backman that was published on The Age newspaper, Australia on November 15 has sparked debates among Malaysia netizens.

The article titled “While Malaysia fiddles, its opportunities are running dry” was ended with the controversial phrase… “That’s not Malaysia “boleh”, that’s Malaysia “bodoh” (stupid).”

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The recent development of Asian Strategy and Leadership Institute (ASLI) issue has proved just one thing.. Malaysia government is always right!

The story started when ASLI produced a report that Malays control 45% of Malaysia’s corporate equity instead of only 19% from government official reports.

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The Malaysian New Economic Policy (NEP), followed by National Development Policy (NDP) has been implemented for 37 years. Is NEP the effective way to improve the economic competency for Malays in all these years?

What I’ve seen is that a minor group of Malays are getting super rich, while large portion of Malays are not benefiting from NEP at all. The rich get richer, while the poor get poorer.

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