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Indians lost control of United Asian Bank (UAB), the only Indian owned Bank,  in 1970

Forbes 2000 Malaysian Billionaires

Robert Kuok 

$3.70 billion

 

Lim Goh Tong billion

 

Quek Leng Chan $1.10 billion

 

Tiong Hiew King $1.50 billion

 

Ananda Krishnan  

$1.00 billion

Saturday 06/30/2001 7:02:56am
PALANIVELL MARDAVERAN
THE CHANCES GIVEN 4 THE INDIANS ARE TOO LOW.WE MUST NOT MISSUSE IT. AS MENTIONED 40% DOCTORS WERE INDIANS ON 70S. WHERE ARE THEY? ACTUALLY WE HAVE POWER BUT WE ARE NOT GIVEN CHANCES.INDIANS ARE GREAT THANK YOU - PALANIVELL ARDAVERAN, PELAJAR DIPLOMA RDIOGRAFI, UNIVERSITI MALAYA.
Wednesday 06/17/1998 6:17:00am K.Ramadass
Malaysia (Penang)
You have a fantastic web page.It is a must for all Indian to visit your site.Keep Up the good work.Best Regards.
 
 

 

 

Ownership of share Capital (%) in Malaysia
 
1970 
1990 
1995 
1999
Indians
1.1
1.0
1.5
1.5
Bumiputera 
2.4
19.3
20.6
19.1
     Individuals & Inst.
1.6
14.2
18.6
-
     Trust Agencies
0.8
5.1
2.0
-
Chinese
27.2
45.5
40.9
37.9
Others
-
.3
1.0
0.9
Nominee Companies
6.0
8.5
8.3
7.9
Foreigners
63.4
25.4
27.7
32.7

Poverty by Ethnicity

 
1970 
1976
1984
1990
1992
1998 
1999
Indians
39.2
27.3
10.1
8
-
- -
Bumiputera
64.8
46.4
25.8
20.8
-
- -
Chinese
26.0
17.4
7.8
5.7
-
- -
Others
44.8
33.8
22.0
18.0
-
- -
All
49.3
35.1
18.4
15.0
13.5
7.8
7.5

Source: Third & Seventh Malaysia Plan 

Poverty cut off point based on household income survey (1995)

RM 516 per month for Peninsular Malaysia involving an household size of 4.6 people.

RM 601 per month for household size of 4.9 in Sabah.

RM 516 per month for household size of 4.8 in Sarawak.

 US $1.00 = RM 3.80

4.18 In view of the low level of corporate equity ownership among Indians, attention will be given to increase their participation during the OPP3 period. Efforts will thus be undertaken to increase Indian equity ownership to 3 per cent by 2010. At the same time, a study to review the status of the Indian participation in the economy will be undertaken to formulate appropriate strategies and programmes.....Third Outline Perspective Plan (OPP3)

Employment (%)
Occupation
Indians
Bumiputera
Chinese
Others
Professional & Technical
7.3
64.3
26.2
2.2
Teachers & Nurses
6.6
72.3
20.5
0.6
Administrative & Managerial
5.1
36.1
54.7
4.1
Clerical
7.7
57.2
34.4
0.7
Sales
6.5
36.2
51.9
5.4
Service
8.7
58.2
22.8
10.3
Agriculture
7.5
63.1
12.9
16.5
Production
10.3
44.8
35.0
9.9

1998 Registered Professionals (%)
Occupation
Indians
Bumiputera
Chinese
Others
Lawyer 26.2 30.9 42.0 0.9
Engineer 5.1 42.1 51.6 1.2
Accountant 5.8 15.2 77.9 1.1
Doctor 30.3 35.8 31.1 2.8
Dentist 19.2 34.1 44.8 1.9
Architect 1.7 40 58 0.3
Veterinarian 30.9 40.8 25.8 2.5
1998 Registered Professionals (%)
Occupation
Indians
Bumiputera
Chinese
Others
Lawyer 26.2 30.9 42.0 0.9
Engineer 5.1 42.1 51.6 1.2
Accountant 5.8 15.2 77.9 1.1
Doctor 30.3 35.8 31.1 2.8
Dentist 19.2 34.1 44.8 1.9
Architect 1.7 40 58 0.3
Veterinarian 30.9 40.8 25.8 2.5

  • 50 per cent of private companies do not employ an Indian.
  • 80,000 or 60 per cent of Indians who make up 135,000 or 10.8 per cent of Penang's 1.25 million population were lower income earners.
  • 30 per cent of Indians are squatters or live on temporary occupation licence land.
  • 75 per cent of Indian workers in the manufacturing sector are low level workers while only 25 per cent are in professional and technical fields.
  • 80 per cent of Indian pupils become dropouts after Form Five.
  • 40 per cent of suicide cases yearly involved the community.
 

 

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sountek

New Economic Policy (NEP)

Borne aftermath of May 13 1969 the worst racial riots in Malaysia. 

Designed as an affirmative-action that sets specific quota for Malays in equity ownership, employment and education.

What happened?

Adam and Cavendish (1994): NEP hindered economic growth by the emergence of cronyism or the distribution of rentier opportunities to companies controlled by politicians , retired bureaucrats, parties in the ruling coalition and politically connected businessmen.
Maika Holdings
Launched by MIC in 1980 with RM100 million raised from Indian Community. Involved in banking, manufacturing, insurance and media.
Koperasi NESA

Founded in 1974 as a cooperative society.

President: Subramaniam. S
Address: # 16-3, Jalan 14/48A, Boulevard Sentul Raya, Jalan Sentul, 51000 Kuala Lumpur. Tel:03-4041-5488 Fax:03-4042-3720
Sunday 07/15/2001 5:14:56am
Patricia Devi I really hope that sites like this become an eye-opener to the government. How long are Indians going to be denied equal rights just becoz of their skin colour?

Dwindling Indian Professionals

In 1970, 40% of doctors and 35% of lawyers were Indians.

Indians left in the lurch
By: Elanjelian Venugopal

Tuesday 05/01/2001 2:26:01am
RASIDA Petaling Jaya, Selangor
Indian Muslim

Very nice site ... good work ..keep it up.
Imagining the Indian Malaysian Middle-Class By: P. Ramasamy .....During the two decades of the NEP, the Indian middle class grew only by 3.9 percent whereas the growth rate of the middle classes among Malays and Chinese were around 13 percent and 6 percent respectively.

 

 

 

 
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