Balancing act
Article Abstract:
The Malaysian New Economic Policy, adopted in the 1970s, was designed to eliminate the link between race and economic position while ending poverty through education and economic opportunity. The Policy has been successful due largely to strong economic growth and government flexibility when faced with a minor recession. However, a long term recession could end the balance between rich and poor though escalating tensions would be less focused because the Chinese are not longer the only ones with economic power. Indians are the only group not prospering under the Policy.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Pooling power: Malaysia's banks get the order to merge
Article Abstract:
Malaysian bankers are beginning the large scale consolidation within the banking sector, as the central bank warns that growth through merger is becoming the only viable method of survival. Only Tier One banks that have the requisite capital are being permitted to open new branches or expand regionally, and capital requirements have also been extended to finance companies. Bank Negara has long felt that the country has too many banks and it believes that only four major, heavily capitalized banks will be able to handle foreign competition.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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The chosen few: privatization allows Mahathir to pick winners
Article Abstract:
The Malaysian New Economic Policy was designed to make Malays into economic players and Prime Minister Datuk Seri Mahathir Mohamad has refined this goal through his privatization policies. He aims to favor a few Malays who have demonstrated strong profit-making skills and so create some Malay-owned companies that are able to compete globally as well as with Malaysian Chinese. One of his privatization sales was 32% of Hicom Holdings to Datuk Yahaya Ahmad.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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