3 RM (Malaysian Ringgit) is worth about US$1.
Affirmative action policies based on the idea of Ketuanan Melayu (“Malay Supremacy”) have been in effect since the New Economic Policy of 1971. The NEP was designed to lift the economic status of poor Malays, but the real beneficiary are wealthy Malays. The approach has clearly filtered down to the private sector as well.
(Cross posted at Brown Pundits)
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