Some 50,000 fresh undergraduates of local public institutions of higher learning will get 100 units of the newly launched Amanah Saham 1Malaysia.
Prime Minister Datuk Seri Najib Tun Razak announced the incentives at the launch of the new trust fund, which has a size of 10 billion units, with each unit going at RM1
To ensure that the units were fairly distributed, Najib said that for the first 30 days of sale (Aug 5 to Sept 3), 50% of the units had been allocated to Bumiputras, 30% to the Chinese, 15% to the Indians and 5% to other races.
Looking at the 8 values of 1Malaysia, me didn't comprehend the reason given for giving those student RM100 just for going into the public U. How about those with good result but couldn't enter due to various reasons?
On the 2nd look, why there is a need for quota? 1Malaysia still need quota?
Maybe this is meant to buy Loyalty. Now me got it.
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