LET'S understand what does this 7 per cent mean in terms of numbers. To put it in perspective, READ : some 60 per cent of Malaysia's working population are millennials and the size of Malaysia's working population is READ : about 15 million people as at 2021.
SO basically out of the more than 8 million millennials walking around only a few hundred thousand of them have a CDS account to begin with.
IS this a norm globally or are we the odd man out? Globally , about 70 per cent of millennials don't invest in the stock market, but closer to home you would notice that READ : the largest generation group in Singapore are the millennials, in a nation where READ: 83 per cent of its working population are invested in the stock market.
MALAYSIA and Singapore, we are of the same DNA, ie Malay, Chinese and Indian, which means if the environment is right a Malaysian will most likely react the same way as a Singaporean.
BELOW is a letter written in 2019 to Malaysiakini, by a stranger and you will notice in bits and pieces this blog has also raised the same issue. READ : Why do Malaysians expose their Middle Finger When You Tell Them You Are From Bursa Malaysia.
THIS problem has been around for ages. Prime Minister's come and go. some chant reformasi some chant Malaysia Boleh, some chant Keluarga Malaysia, some chant satu Malaysia.
BUT no matter what the chant has been, nobody has done a damn thing to seek, find and charge the majority decision makers sitting in Bursa Malaysia who are CORRUPT.
ALLOW me to put it in very simple perspective. READ : Penny Stock mastermind crash John Soh Chee Wen jailed for 32 years in Singapore.
HOW about the John Soh of Malaysia aka Kenneth Vun Yun Liun? He is a free men, and the last time, he was taken to court he was merely fined with no jail time.
HECK, Kenneth Vun Yun Liun is so free that he can actually set up proxy outlets from Hong Kong to trigger an emergency shareholder meeting in Sersol Bhd to kick out his former partner , who is now wanted by the MACC.
HE can do all this and much more which is why if you are the chairman of Bursa Malaysia or the CEO of Bursa Malaysia and if you introduce yourself as such to a millennial, there is a 93 per cent chance of them showing the middle finger to you.
