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.
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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