EPU should be more Transparent.

Why do our leaders have the phobia of revealing
how the EPU arrived at the 18.9% equity of the
bumiputras?.If according to our leaders the
methodology used is correct and accurate then there
should be no hesitation in disclosing the methods and
data used in the calculation of the 18.9% bumiputra's
equity.But a cursory examination of the statements
made by those responsible for the computation seem to
suggest that the methodology used by EPU was flawed
from the very beginning.
How could EPU justify their valuation of market
capitalisation on the basis of equating par value of
shares with current market value?Although the par
value of Tenaga and MAS are the same ,this cannot be
the case when reference is made to their present
market value.Tenaga's share is hovering in the $10
region whereas MAS is somewhere around $3.So based on
this difference in value how could EPU attempt even to
equate the valuation of Tenaga and MAS as of the same
value in calculating market capitalisation?When the
methodology is based on a faulty premise it becomes
quite obvious why the EPU computation of 18.9% equity
becomes severely flawed.
It is pointless for the govt to go into a
denial mode when confronted with the more reliable
calculation of ASLI.EPU should make every effort to be
more transparent by revealing their datas and to
justify their method of determining the bumiputras
equity.If EPU cannot intelligently refute and debate
ASLI's assertion that Bumi's equity is 45% then the
public has every right to demand a revision of the
goals of the NEP.