Lee Kuan Yew: 1Malaysia campaign may be unrealistic

Lee Kuan Yew: 1Malaysia campaign may be unrealistic

Saturday, August 10, 2013 – 15:31

Isabelle Lai

The Star/Asia News Network

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PETALING JAYA – Malaysians hoping that Barisan Nasional’s 1Malaysia concept can usher in a new era for race relations may be unrealistic, but those counting on the Opposition to do the same are not very much less so, said Lee Kuan Yew. The former Singapore Prime Minister said that Datuk Seri Najib Tun Razak’s 1Malaysia campaign, launched in 2008 to win back support from Chinese and Indian voters, had not lived up to the excitement it created.

“But has the ground moved with him? Has there been thunderous applause from the Malays at 1Malaysia? It may have been that he started with ambitious plans. But it appears that political realities may have conscribed his subsequent actions,” he said in an excerpt from his new book One Man’s View of the World which was launched in Singapore on Tuesday.

Lee, 89, said it was impossible that Najib could win their votes back without losing support from the Malays, his party’s core supporters.

However, he did not express confidence in Pakatan Rakyat’s ability to get rid of special treatment for the Malays in the unlikely event that it should come to power in future.

He described the coalition as an “opportunistic and ad hoc group not held together by even a vaguely coherent set of ideas but by a common desire to unseat the Government”.

“As long as it does not actually hold the reins of the Federal Government and therefore does not have to implement the said multiracial policies, some semblance of unity can be maintained.

“The moment the bluff is called and it is handed the full power to push ahead, it will either be torn apart within or be paralysed by indecision,” he said.

Lee noted that Malaysia’s race-based policies had caused it to lose ground in a globalised world, by creating talent flight to other countries, with the majority seeking employment in Singapore.

isabellelai@thestar.com.my

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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