Malaysia’s prime minister designate Najib Razak said he’s prepared to end preferential treatment of the ethnic Malay majority, a campaign pledge the opposition used to inflict record election losses on the ruling coalition in March.
There should be a “gradual” removal of the program, initiated in 1971, and still known as the New Economic Policy, Najib told Bloomberg Television.
“If we do not change, the people will change us,” Najib, 55, said at his office in Putrajaya, outside Kuala Lumpur.
“In the not-too-distant future, we will see all the elements of the New Economic Policy being replaced.” He didn’t say when that might occur.
The system was devised by Najib’s father, Abdul Razak, when he was Malaysia’s second prime minister.
Najib says he is prepared to end preferential treatment for ethnic Malay majority