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New Economic Policy (Malaysia)
The New Economic Policy (NEP) ( ms, Dasar Ekonomi Baru (DEB)) was a social re-engineering and affirmative action program formulated by the National Operations Council (NOC) in the aftermath of 13 May Incident in Malaysia. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the National Development Policy (NDP) in 1991. This article looks into the historical context that gave rise to the formulation of this policy, its objectives and implementation methods as well as its impact on the Malaysian economy in general. Policy overview The New Economic Policy (NEP) which began with the Second Malaysia Plan (1971–1975) and lasted until the Fifth Malaysia Plan (1986–1990), had three main objectives, namely:Jeong Chun Hai @Ibrahim. (2007). ''Fundamental of Development Administration''. Selangor: Scholar Press. * To achieve national unity, harmony and integrity * Through socio-economic restructuring (of the society) * To minimize the level of poverty in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Operations Council
The National Operations Council (NOC) or Majlis Gerakan Negara (MAGERAN) was an emergency administrative body which attempted to restore law and order in Malaysia after the 13 May incident in 1969, in the wake of the racial rioting which broke out in the federal capital of Kuala Lumpur. The NOC was announced on 15 May 1969, with Tun Razak as Director of Operations, although the other council members were not announced until 17 May. From 1969 to 1971, the NOC governed the country in lieu of the elected government. In 1971, the NOC was dissolved with the restoration of Parliament. Members of the Council The Director of Operations of NOC was Tun Razak. The Prime Minister Tunku Abdul Rahman was not formally a member, but was consulted on major decisions for approval. Councils Members * Minister of Home Affairs — Tun Dr. Ismail * Minister of Finance — Tun Tan Siew Sin * Minister of Works, Post & Telecoms — Tun Sambanthan * Minister of Information & Broadcasting — E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuala Lumpur Stock Exchange
The Kuala Lumpur Stock Exchange (KLSE; ms, Bursa Saham Kuala Lumpur) dates back to 1930 when the Singapore Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya. In 1937, it was re-registered as the Malayan Stockbrokers' Association, but it still did not trade public shares. By 1960, the Malayan Stock Exchange was formed and public trading of shares began on 9 May. In 1961, the Board system was introduced whereby two trading rooms, one each in Singapore and Kuala Lumpur, were linked by direct telephone lines into a single market with the same stocks and shares listed at a single set of prices on both boards. The Stock Exchange of Malaysia was officially formed in 1964 and in the following year, with the secession of Singapore from Malaysia, the common stock exchange continued to function under the name Stock Exchange of Malaysia and Singapore (SEMS). In 1973, with the termination of currency interchangeability between Malaysia and Singapor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Malays National Organisation
The United Malays National Organisation ( Malay: ; Jawi: ; abbreviated UMNO () or less commonly PEKEMBAR), is a nationalist right-wing political party in Malaysia. As the oldest continuous national political party within Malaysia (since its inception in 1946), UMNO has once been called Malaysia's "Grand Old Party". UMNO is a founding and the principal dominant member of the Barisan Nasional (BN) coalition, which taken along with its predecessor Alliance, had been the main governing party of Malaysia from the independence of Malaya in 1957 until its defeat in the 2018 general election. From 1957 to 2018, every Prime Minister of Malaysia was also the President of UMNO. It has since returned to power twice as a result of the 2020-2022 Malaysian political crisis, firstly as a partner in a Perikatan Nasional-led government and subsequently as the leading party in a BN-led government with UMNO vice-president Ismail Sabri serving as Prime Minister. A race-focused party, UMN ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdullah Ahmad Badawi
Tun Abdullah bin Ahmad Badawi ( Jawi: عبد الله بن احمد بدوي; born 26 November 1939) is a Malaysian politician who served as the 5th Prime Minister of Malaysia from October 2003 to April 2009. He was also the sixth president of the United Malays National Organisation (UMNO), the largest political party (that time) in Malaysia, and led the governing Barisan Nasional (BN) parliamentary coalition. He is informally known as Pak Lah, ''Pak'' meaning 'Uncle', while ''Lah'' is taken from his name 'Abdullah'. He was also a Member of Parliament (MP) for Kepala Batas for eight consecutive terms, that was from 1978 to 2013. Currently, he serves as the Chancellor of Universiti Teknologi Petronas (UTP). Background, early life and education Abdullah was born in Bayan Lepas, Penang to a prominent religious family. Badawi's paternal grandfather, Syeikh Abdullah Badawi Fahim, was of Hadrami descent. Syeikh Abdullah was a well-respected religious leader and nationalist, wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Racial Polarisation
Racial polarization is the process whereby a population of individuals with different ancestry is divided into separate and distinct racial groups. Bermuda In Bermuda, around 55% of the population is identified as black, followed by 34% white (further subdivided into a British-descended majority and a Portuguese-descended minority), while the remainder are mixed or other (chiefly Asian). Politically the territory's two political parties are often described along racial lines, the United Bermuda Party (UBP) being supported by Bermuda's white minority, while the Progressive Labour Party (PLP) is supported by the black majority. In terms of popular support, few whites would not vote for the UBP (In an April 2009 poll, some 85% of whites would vote for the party, while only 4% would vote PLP), while black voters favoured the PLP (in the aforementioned poll, 62% of blacks would vote PLP, 14% UBP). White rejection of the PLP is often linked to repeated racist rhetoric from the party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advanced Level (UK)
The General Certificate of Education (GCE) Advanced Level, or A Level, is a main school leaving qualification in England, Wales, Northern Ireland, the Channel Islands and the Isle of Man. It is available as an alternative qualification in other countries. Students generally study for A levels over a two-year period. For much of their history, A levels have been examined by "terminal" examinations taken at the end of these two years. A more modular approach to examination became common in many subjects starting in the late 1980s, and standard for September 2000 and later cohorts, with students taking their subjects to the half-credit "AS" level after one year and proceeding to full A level the next year (sometimes in fewer subjects). In 2015, Ofqual decided to change back to a terminal approach where students sit all examinations at the end of the second year. AS is still offered, but as a separate qualification; AS grades no longer count towards a subsequent A level. Most stud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matriculation
Matriculation is the formal process of entering a university, or of becoming eligible to enter by fulfilling certain academic requirements such as a matriculation examination. Australia In Australia, the term "matriculation" is seldom used now. In the late 1960s and early 1970s, all states replaced the matriculation examination with either a certificate, such as the Higher School Certificate (HSC) in Victoria and NSW, or a university entrance exam such as the Tertiary Entrance Exam in Western Australia. These have all been renamed (except in NSW) as a state-based certificate, such as the Victorian Certificate of Education (VCE) or the Western Australian Certificate of Education (WACE). Bangladesh In Bangladesh, the "Matriculation" is the Secondary School Examination (SSC) taken at year 10, and the Intermediate Exams is the Higher Secondary Examination (HSC) taken at year 12. Bangladesh, like the rest of Indian sub-continent, still uses terms such as Matriculation Exams and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ali Baba (Malaysia)
Ali Baba is a term describing business practices in Malaysia and Indonesia involving indigenous and non-indigenous cooperation to take advantage of affirmative action provisions favouring indigenous Malays or Native Indonesians. In this arrangement, a Malay or Indonesian becomes the front person for a firm which is financed and run by a Chinese person (who may be a local citizen). Malaysia Ali Baba is a business practice in Malaysia, where a Malay company obtains a contract from the government-sponsored affirmative action system for the Bumiputera (the Malaysian New Economic Policy under Ketuanan Melayu) and subcontracts it to an ethnically Chinese-owned company. The “Ali”, which is a typical Muslim name, refers to the Malay; the “Baba” the Chinese, from the Baba-Nyonya (Straits Chinese) people. Indonesia The term Ali Baba came into usage when Iskaq Tjokrohadisurjo was Minister of Economics in the First Ali Sastroamidjojo Cabinet (30 July 1953 – 11 August 1955). Ek ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tunku Abdul Rahman
Tunku Abdul Rahman Putra Al-Haj ibni Almarhum Sultan Abdul Hamid Halim Shah ( ms, تونكو عبد الرحمن ڤوترا الحاج ابن سلطان عبد الحميد حليم شاه, label= Jawi, script=arab, italic=unset; 8 February 19036 December 1990) was a Malaysian statesman and lawyer who served as the 1st Prime Minister of Malaysia and the head of government of its predecessor states from 1955 to 1970. He was the first chief minister of the Federation of Malaya from 1955 to 1957. He supervised the independence process that culminated on 31 August 1957. As Malaya's first prime minister he dominated politics there for the next 13 years. In 1963, he successfully incorporated the Federation of Malaya, British North Borneo (renamed Sabah), Sarawak, and Singapore into the state of Malaysia. However, tensions between the Malay and Chinese communities resulted in Singapore's expulsion in 1965. His poor performance during race riots in Kuala Lumpur in 1969 led to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equality Of Outcome
Equality of outcome, equality of condition, or equality of results is a political concept which is central to some political ideologies and is used in some political discourse, often in contrast to the term equality of opportunity. It describes a state in which all people have approximately the same material wealth and income, or in which the general economic conditions of everyone's lives are alike. Achieving equal results generally entails reducing or eliminating material inequalities between individuals or households in a society and usually involves a transfer of income or wealth from wealthier to poorer individuals, or adopting other measures to promote equality of condition. One account in '' The Journal of Political Philosophy'' suggested that the term meant "equalising where people end up rather than where or how they begin", but described this sense of the term as "simplistic" since it failed to identify what was supposed to be made equal. In politics Political philo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ninth Malaysia Plan
The Ninth Malaysian Plan ( ms, Rancangan Malaysia ke-9), abbreviated as '9MP', is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department and the Finance Ministry of Malaysia with approval by the Cabinet of Malaysia. The plan allocates the national budget from 2006 to 2010 in regard to all economic sectors in Malaysia. The blueprint was announced on 31 March 2006, and was unveiled by the fifth Prime Minister of Malaysia, Datuk Seri Abdullah Ahmad Badawi in Parliament. The economic development plan was unveiled at a time when Malaysia was starting to recover from the Asian financial crisis and challenging economic conditions as a result of high oil prices. The US-led Iraq invasion in 2003 resulted in a rise in oil prices to about US$60/barrel by August 2005, which was a few months before the plan was unveiled. These two factors were mentioned in Prime Minister's speech when tabling the Ninth Malaysia Plan on 31 March 2008 besides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
