KUALA LUMPUR, June 19 — People’s Progressive Party (PPP) president Datuk M. Kayveas has suggested that non-Bumiputeras earning an income of less than RM3,000 be given a 10 per cent discount currently enjoyed by Bumiputera house buyers.
He said a Bumiputera house buyer received a 10 per cent discount, irrespective of the person’s financial capability, whereas a non-Bumiputera house buyer needed to pay that 10 per cent.
“In this way, it is believed that every citizen will be more confident on the implementation of the quota and status system,” he said in his policy speech at the PPP’s 57th annual general meeting here today.
The meeting was opened by Prime Minister Datuk Seri Najib Razak.
Kayveas also proposed an annual increase in the budget allocation for education, in view of the increase in the number of outstanding students every year.
On the Maika Holdings Berhad shares, Kayveas said that as the response to the 80 cents offer per share was lukewarm, the government could step in to pay 20 cents to enable its more than 60,000 shareholders to benefit.
On May 12, a notice of conditional takeover offer was served on the Maika board of directors to inform them of G Team Resources’ intention to acquire all Maika shares.
The rationale for the offer was to return to Maika shareholders their cost of investment in the company on the basis of a cash offer price of 80 sen for each Maika share held.
On another matter, Kayveas said PPP would not trouble Najib’s leadership by raising petty issues and hoped the prime minister would continue with his people-responsive policies.
“In the meantime, PPP will continue to take a positive political stance suitable to the multi-racial composition of the country. — Bernama
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