In reply to a comment made by a buddy in an earlier post, what to do lah. Some of us got to struggle to earn a living in the wrong industry. No. Thats not it. I've just not been able to sit, and write.
I've been troubled of late on the directions the corporate sector is taking. Professional firms seem to need to have Bumiputra shareholders and directors to remain in the panels of some banks, regardless of how long you have been in their panel, or how good you are. At least 2 local banks have implemented this rule to our detriment, supposedly. Supposedly, cos only one bank was forthright about this issue, and the other just avoided commenting. Yes, I am totally aware of the 30% requirement in all stock exchange listing exercises, almost all FIC approvals on investment, in State Authority approvals for land development etc.
I have nothing against equal rights and fair competition. That is after all the basis of free trade. The stark reality which people have to know is this. The good professional Bumis come out and set up their own firms. And generally, they are doing very well. We wish them well. What the market is left with is the not so good ones. and almost all of them are contented to remain as employees and not seek professional status which would enable them to be shareholders or directors. Why are we being punished for something that is not of our fault. We have tried for many years, but have not found someone. Even the ones we train and groom, eventually leave to the corporate sector, not staying and growing with the company.
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