MCA President Datuk Seri Dr Chua Soi Lek’s statement – MCA is sensitive of its role in BN but it has its role to play as a Chinese-based party

MCA is disappointed with Deputy Prime Minister and Umno Deputy President Tan Sri Dato' Haji Muhyiddin bin Mohd Yassin for raising the specter of May 13 incident.

If Malaysia wants to achieve the target set up in the 10th Malaysia Plan and New Economic Model to become a high-income nation by 2020, it has to attract domestic and foreign investment.

In order to attract RM115 billion of private investment per annum under the 10th Malaysia Plan, we must ensure that our economy is competitive and vibrant.

We can only achieve the target by liberalizing sectors such as oil and gas as well as telecommunication; rationalizing subsidy and opening tender with price preference to Bumiputras.

An expanding economic cake is like rising tide that lifts all boats, so that all Malaysians will have a fair share of wealth distribution.

In a multi-racial country, growth should not be a zero-sum game as there are reasons to worry that we will continue to be trapped as a middle-income country if we do not liberalize our economy and boost investment.
At no time, we talk about the special rights of the Malay community.
We reaffirm that affirmative action should be based on needs, merits and be market-friendly.

We advocate that Bumiputras should be given price preference in certain economic sectors when the economy is liberalized for open tender.
To enable the Bumiputras to compete on a more equitable basis, hence, we propose for gradual reduction of the 30% Bumiputra equity and the introduction of price preference.

MCA is sensitive of its role within the Barisan Nasional but we have a role to play as Chinese-based party so that we can continue to be relevant.

The loyalty of the MCA towards Barisan Nasional should not be questioned as it has gone through good and bad times when Umno suffered setbacks. Back then MCA had delivered support to ensure its victory in the general elections.

The socio-economic condition in Malaysia today is totally different from that in 1969 as Malaysians are capable of having rational discussions without beating the racial war drum.

All we ask for is fair share. Rest assured the MCA has no plans or interest to deprive other communities of what is rightfully theirs.

MCA President
Datuk Seri Dr Chua Soi Lek

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