Kuala Lampur, March 30 -- Prime Minister Tun Dr Mahathir Mohamad has lamented that his fellow Bumiputeras are not efficient when it comes to managing their finances, and tend to spend on unnecessary things.

This, he said, is why the existing 30 per cent Bumiputera shareholding quota in listed companies is necessary.

In an interview with Focus Malaysia, the Langkawi MP said the Malay community must also realise that it is by doing business that they can alleviate their economic standing but this also required discipline.

"What is the alternative? As far as I can see, the Bumiputeras are not business oriented, while the other communities are very business oriented.

"The Bumiputeras still do not know how to handle or manage money, becaus...