Racial and religious bigoted Umno youth chief Dr Akmal Saleh’s retarded brain

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Racial and religious bigoted Umno youth chief Dr Akmal Saleh’s retarded brain

KUALA LUMPUR, May 31, 2026: The racial and religious bigoted Umno Youth chief Dr Akmal “Dr Ham/I Am Malay First” Saleh’s brain is retarded and invested with maggots.

Why? Read below an article that exposes Dr Ham’s highly moronic character:

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Sunway-IJM Deal: 67.16% Non-Bumi Owned, Founded & Led by Non-Bumis Since 1983 – Akmal, Where Are the Bumiputera Interests?

30 May, 2026

 

Akmal has raised alarms about Sunway’s proposed merger with IJM Corporation, claiming it threatens Bumiputera economic interests. But what exactly does he mean by this? Let’s break it down with facts to see if his concerns hold water.

First, a quick history: IJM wasn’t founded by a single individual but emerged in 1983 from the merger of three construction companies—IGB Construction, Jurutama, and Mudajaya. This was spearheaded by visionary alumni from Technical College Kuala Lumpur: Yap Lim Sen, Koon Yew Yin, and Koh Boon Chor, who combined their firms to create a robust Malaysian construction powerhouse.

Notably, none of these founders are Bumiputera; they are all of Chinese descent. So, from its inception, IJM has been rooted in non-Bumiputera leadership and origins.

Now, let’s look at the current ownership structure. According to recent data, Bumiputera shareholders hold only 32.84% of IJM, while non-Bumiputera own 53.68%, and foreigners account for 17.3%. This means a clear majority—67.16%—is controlled by non-Bumiputera and foreign entities. What Bumiputera interests is Akmal referring to here?

The specific Bumiputera-linked institutions he mentioned have minimal stakes: Lembaga Tabung Haji owns just 1.41%, Permodalan Nasional Berhad (PNB) holds 0.79%, and Kumpulan Wang Persaraan (KWAP) has 8.38%. These are hardly dominant positions.

 

Akmal also referenced the Employees Provident Fund (EPF), but this isn’t exclusively a Bumiputera affair—it’s a national one, benefiting all Malaysians. In fact, Malay savings in the EPF total around RM280 billion, while non-Bumiputera savings stand at RM449 billion. This underscores that EPF is more of a Malaysian institution than a Bumiputera-specific one.

Even the so-called “Bumiputera” Government-Linked Companies (GLCs) involved aren’t entirely Bumiputera affairs.

They are our national assets, representing a Malaysian affair at large. These GLCs originally derive their funding from national coffers, where non-Bumiputera Malaysians are the largest economic and tax contributors. So, again, what Bumiputera interest is Akmal talking about? And how much tax does Akmal himself contribute to these national funds he’s so eager to politicize?

Akmal has even called on Prime Minister Anwar Ibrahim (PMX) to intervene. But Malaysia isn’t a communist country; we operate in an open, public market where transactions follow the principle of willing buyers and willing sellers. As long as shareholders agree, deals can proceed without government meddling. To clarify: anyone can make an offer to acquire any company listed on Bursa Malaysia. This is standard practice. An offer isn’t the same as a sale, and accusing the government of “selling off Bumiputera interests” is misleading and inflammatory.

The actions of public shareholders like Government-Linked Investment Companies (GLICs) demonstrate transparency and professionalism in fulfilling their fiduciary duties. They can’t make decisions based on emotions or political pressure; instead, they must prioritize optimal returns for contributors and the public, while safeguarding broader interests, including those of Bumiputera where applicable.

Does Akmal realize that IJM’s current chairman is Tan Sri Tan Boon Seng? Is he Bumiputera? No. The CEO is Lee Chun Fatt—also non-Bumiputera. The chief administrative officer is Tham Tsu San, the chief technology officer is Chee Yih Tzuen, and the chief investment officer is Tan Yang Cheng. In fact, almost the entire management team and board of directors are non-Bumiputera. So, again, what Bumiputera interests is Akmal talking about? This seems like a predominantly non-Bumiputera affair from top to bottom.

Why is Akmal interfering in what is essentially a corporate matter with no direct ties to politics or government? GLICs serve as national trustees and aren’t exclusively focused on Bumiputera interests (except for entities like PNB).

The founders of IJM were Chinese, and today it’s managed by a team of professionals led mostly by Chinese individuals. Buying and selling shares of private companies on Bursa Malaysia is a completely normal activity and shouldn’t be turned into an issue, especially one laced with racial sentiments.

The trading of shares held by GLICs happens daily or weekly, overseen by investment experts within those organizations. Is a politician like Akmal trying to influence these investment decisions? If so, that’s a dangerous and unhealthy precedent for the nation’s strategic investment bodies.

Moreover, Sunway’s offer involves 10% cash and 90% in the form of Sunway Construction (Suncon) shares. If accepted, the involved GLICs would gain holdings in Suncon as well. Akmal should check the current GLIC ownership in Suncon before raising alarms about losing strategic equity. If he hasn’t done his homework, he should stay silent and research first instead of making inflammatory statements.

Any offer still requires approval and consent from IJM’s shareholders beyond the GLICs—those holding more than 50% in total.

Do they even find Sunway’s proposal attractive? It’s irresponsible and naive for a politician like Akmal to inject racial sentiments into every issue. Such leaders should be rejected by the people for stirring up division and undermining national harmony.

Finally, it’s time to stop perpetuating the myth that Chinese or non-Bumiputera are controlling the economy and hoarding wealth at the expense of the majority.

The data tells a different story: Non-Bumiputera equity ownership has dropped by about 45% since the pre-New Economic Policy (NEP) era, from around 70% in 1970 to just 25% today. Meanwhile, Bumiputera equity has risen by 15%, and foreign ownership has surged to 45.5% with no signs of abating.

The NEP successfully redistributed wealth through measures like 30% Bumiputera allocations in IPOs, scholarships, and contracts, but non-Bumiputera shares have eroded even further beyond the original targets.

No non-Bumiputera has taken a single sen from institutions like Felda, PNB, or Tabung Haji—yet foreign funds now dominate 45.5% of Bursa Malaysia. This is the real picture, not the distorted narrative of obstruction and control.