1980-1984
The Amanah Saham Nasional (National Unit Trust) was launched as part of the New Economic Policy. HICOM and Kedah Cement inaugurated the new heavy industry policy. Hussein Onn passed on the country's leadership to his deputy, Dr. Mahathir Mohamad. Musa Hitam cast aside the challenge of Tengku Razaleigh Hamzah for UMNO's deputy presidency and was made the Deputy Prime Minister. Dr. Mahathir Mohamad immediately declared several new national policies including a common time zone for the Peninsula, Sabah and Sarawak, the punch card and name tag system and a 'clean, efficient and trustworthy' administration, the inculcation of Islamic values in public services and 'Malaysia Incorporated'. Through a dawn raid of London Stock Exchange, Malaysians took control of the London registered British trading firms of Guthrie, Sime Darby and Harrison & Crossfield. A 'buy Malaysian first' and 'buy British last' campaign was launched to counter the British condescending attitude. Perwaja Steel Mill, the International Islamic University and the Islamic Bank were incorporated. The 'drive with care' campaign was launched and the statutory death penalty was introduced in the anti-drug law. Other projects include the mobile library, the Edaran Otomobil Nasional (EON), Airod, TV3 and Universiti Utara Malaysia. For the second time, Tengku Razaleigh Hamzah failed to dislodge Musa Hitam as UMNO's Deputy President, and his finance portfolio was passed on to Daim Zainuddin. Sultan Mahmood Iskandar of Johor was installed as the eighth Ruler.
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