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Pakatan MPs back Ku Li’s views on NEP abuse

February 24, 2012
By Shazwan Mustafa Kamal and Yow Hong Chieh (TMI)
February 24, 2012

Nurul Izzah said the government appeared to ignore the dissatisfaction arising from the NEP. — File pic

KUALA LUMPUR, Feb 24 (TMI) — The abuse of the New Economic Policy (NEP) has worsened the economic imbalance between poor Malays and other races, Pakatan Rakyat (PR) lawmakers said today.

Opposition leaders say the NEP, which was intended to raise the participation of Bumiputeras in all economic sectors, had instead nurtured and cultivated “instant millionaires” and politically-connected businessmen aligned to former prime minister Tun Dr Mahathir Mohamed.

PR lawmakers who spoke to The Malaysian Insider agreed with the remarks made by former finance minister Tengku Razaleigh Hamzah, who said this morning the NEP  was never meant to create an incubated class of Malay capitalists but to address poverty and to raise the level of Malay participation in the economy.

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2 Comments leave one →
  1. Black Arrow permalink
    February 25, 2012 1:37 am

    Actually the real purpose of the New Economic Policy is to assist the poor and marginalised Malays – a truly noble aim but along the way it is has been hijacked to suit the motives of an elite few.

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    March 26, 2012 5:53 am

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