Thirty years ago

At the handover @ PMO, outgoing Prime Minister then Datuk Hussein Onn congratulating incoming Prime Minister Datuk Dr Mahathir Mohamad, after the swearing in Istana Negara earlier

Thirty years ago, Deputy Prime Minister Datuk Dr Mahathir Mohamad swore in as the Fourth Prime Minister of Malaysia. He took the oath in front of His Majesty Seri Paduka Baginda Yang DiPertuan Agong VII Tuanku Sultan Ahmad Shah Muadzam Shah Ibni Almarhum Sultan Abu Bakar at Istana Negara.

Malaysia saw a massive transformation, modernisation and intensive industrialisation there on.

One of the earliest executive decision was to release 80 persons detained under Internal Security Act. The list include former Chief Editor NST A Samad Ismail, Deputy Minister Abdullah Majid and Former Political Secretary to Tun Abdul Razak Abdullah Ahmad. On 0900hrs GMT 8 September 1981, the world capital market was shocked by the ‘Dawn Raid’  where one of the legacy British owned plantation group Guthrie was taken over.

A lot happened from that point. The take over of Guthrie became the mainstay of Permodalan Nasional Berhad’s Amanah Saham Nasional unit trust scheme launched. More and more corporations were injected into the scheme. Soon, public utilities such as Jabatan Telekom (now Telekom Malaysia Bhd.) and Lembaga Letrik Negara (now Tenaga Nasional Bhd.) were corporatised and eventually listed at then the Kuala Lumpur Stock Exchange. That include Malaysia Airlines.

Policies such as ‘Buy British Last’, ‘Look East’, ‘Leadership by Example’ and introduction and implementation of Islamic values in Government and civil service were introduced. New institutions of higher learning were built. Infrastructure projects were implemented to ensure all the economic and social development plans follow through.

A national car project was launched. Proton Saga was born on August 1985.

The bold and rapid economic pace enabled Malaysia to craft a more progressive plan to move forward. Vision 2020 was announced ten years later where Malaysia’s economic growth would be managed so that by 2020, she became a developed nation status.

Published in: on July 16, 2011 at 15:35  Comments (7)