Lee Kuan Yew: Malaysia sacrifices talent to keep one race on top…

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They are prepared to lose that talent in order to maintain the dominance of one race,” he said in the 400-page book called “One Man’s View of the World”.

Malaysian Insider

Malaysia sacrifices talent to keep one race on top, says Lee Kuan Yew

August 06, 2013
Latest Update: August 07, 2013 07:03 am

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Malaysia is prepared to lose its talent through its race-based policies in order to maintain the dominance of one race, said Lee Kuan Yew in his new book which was launched tonight in Singapore.

And although Malaysia has acknowledged the fact that they are losing these talents and is making an attempt to lure Malaysians back from overseas, such efforts may be too little too late, he said.

“This is putting the country at a disadvantage. It is voluntarily shrinking the talent pool needed to build the kind of society that makes use of talent from all races.

In the book, Lee pointed out that Malaysia is losing ground and  giving other countries a head start in the external competition.

About 400,000 of some one million Malaysians overseas are in Singapore, according to the World Bank.

When announcing the five-year plan for Malaysia, Prime Minister Datuk Seri Najib Razak said in Parliament in 2011, the government would set up a talent corporation to lure some 700,000 Malaysians working abroad back to the country.

But in his book, Lee said the demographic changes in Malaysia will lead to a further entrenchment of Malay privileges.

He noted that in the last 10 years, since the enactment of the New Economic Policy, the proportion of Malaysian Chinese and Indians of the total population has fallen dramatically.

“The Chinese made up 35.6 percent of the population in 1970. They were down to 24.6 percent at the last census in 2010. Over that same period, the Indian numbers fell from 10.8 percent to 7.3 percent,” he said.

He added, “40 percent of our migrants are from Malaysia.

“Those with the means to do so leave for countries farther afield. In the early days, Taiwan was a popular destination among the Chinese-educated.

“In recent years, Malaysian Chinese and Indians have been settling in Europe, America and Australia. Some have done very well for themselves, such as Penny Wong, Australia’s current finance minister.

“Among those who have chosen to remain in Malaysia, some lack the means to leave and others are making a good living through business despite the discriminatory policies. Many in this latter class partner with Malays who have connections.”

http://www.themalaysianinsider.com/malaysia/article/malaysia-sacrifices-talent-for-dominance-of-one-race-says-kuan-yew

He said about his talks to Malaysian authorities then: “I had to emphasise that it cannot be cooperation today and non-cooperation next year and then backwards and forwards, because these are very big investments both in the Iskandar region and the third bridge to Desaru in the East Coast – from Desaru up to Mersing until Kuantan and Pekan.

“It does not make sense to us if at the same time they punish us by making us barge sand from Vietnam. It’s no benefit to them, it’s just to cause us extra losses. The final balance must be fair on both sides and not just specific selective areas.”

Malaysian Insider

The father’s not the son – Singapore’s Lee Kuan Yew sounds a warning on Iskandar

BY JENNIFER GOMEZ
August 07, 2013
Latest Update: August 07, 2013 06:35 pm

While the Prime Minister of Singapore Lee Hsien Loong has thrown his weight behind Malaysia’s economic powerhouse in the south, the Iskandar project in Johor, his influential father has once again thrown cold water on it.

In his book “One Man’s View Of The World” (pic) launched yesterday, elder statesman Lee Kuan Yew, said, “Let’s wait and see how Iskandar develops. This is an economic field of cooperation in which, you must remember, we are putting investments on Malaysian soil.

“And at the stroke of a pen, they can take it over. They are not likely to because they want more investments.”

“And at the stroke of a pen, they can take it over. They are not likely to because they want more investments.”

The elder Lee, who was the first prime minister of Singapore, still holds memories of broken promises between the two countries, which are deeply linked by history and economic ties, but have had rocky relations over the past half-century.

He said, “When we go there, we must understand that any real estate or building that you plant on the ground belongs to the owner of the ground.”

This is not the first time he has raised concerns over Iskandar, despite his own government leading Singapore to be one of the major investors there.

Even four years ago, on his last visit to Malaysia, the elder Lee said Iskandar would be unattractive to private investors as long as there was no long-term stability in Malaysian policy.

http://www.themalaysianinsider.com/malaysia/article/the-fathers-not-the-son-singapores-lee-kuan-yew-sounds-a-warning-on-iskanda

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2 Responses to Lee Kuan Yew: Malaysia sacrifices talent to keep one race on top…

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