Oh well, since I was planning anyway...
There is one unifying reason why many of the best Malaysian talents leave to work and eventually live in another country, what's called the 'brain drain'. No, it is not because of the DEB, as Malays account for a sizable number of those leaving these days, many to the Middle East and interestingly a majority emigrating to Australia are now Malays.
The reason is because Malaysian pay sucks. I mean seriously, Malaysian pay, for the same quality of talent, is not enough to make the best Malaysian professionals loyal to the nation! The reason for this is because GLC pay has been and continue to be suppressed year-on-year, despite the increased need for quality in these firms as they mature.
As GLC's in Malaysia so dominate the employment scene, the pay rate for THE ENTIRE PRIVATE SECTOR in Malaysia is poor relative to the region! This is as non-GLC's, even MNC's, don't really need to pay much more to secure the best talent available (what's left?) in the country.
The pathetic Malaysian pay is one reason why many work in Singapore at local pay rates - the pay in purchasing power terms is generally higher even before converting. This is also the reason why Malaysian medical grads prefer to stay on in the UK until they become specialists as the money only rolls in when you're a specialist back home!
GLC's tend to be all nationalist when challenged about this, citing 'national service' for instance. The problem is, how can a professional reasonably perform 'national service' when he or she's forced to make ends meet with the pathetic pay the GLC's continue to pay.
The clever 1/3 economist running around on the 4th floor is sure to say that raising GLC pay by say 25-30% a year for 3 years, the minimum increment needed for middle-management downwards, would be inflationary. However, as Pak Lah has stuffed up inflation control in the country this year anyway, why don't they do something right for a change!
Then maybe we can start reigning in the 'brain drain' at long last, as MNC's, the rest of the private sector and perhaps even the civil service are forced to follow suit.
And if the GLC's complain about the salary impact on their P&L, ask them to cut the CEO and CFO salaries first before kicking out all the expats and replacing them with returning talent. They're paying some expats in GLC 7-10X what they would pay a local currently anyway... have a heart for us Malaysians... please...?