Najib admits mistake in NEP implementation, wants to return to original goal to help the poor irrespective of race

BERNAMA – Najib Talks About Services As New Economic Model For Malaysia

…Turning to the New Economic Policy, Najib said he favoured gradual reform of the policy to help support economic restructuring. “We must accept policies that are attuned to the changing times.”

However, he said: “We cannot have too drastic a move until people are ready for it.”

Najib said that rules on foreign investment such as the quota on bumiputera equity in the services sector would be relaxed.

He also said the NEP had successfully raised living standards for the majority of the population but acknowledged that some mistakes had been made in its implementation.

The report also quoted him as saying that he favoured a return to his father’s original vision of improving conditions for the poor of all ethnic groups.

His late father, Tun Abdul Razak, was prime minister when the NEP was introduced in 1971.

Advertisements
Posted in bernas, harapan, malaysia baru

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog Stats
  • 356,699 hits
Pages
March 2009
M T W T F S S
« Feb   Apr »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
%d bloggers like this: