CM: PM Must Explain NEP Failure


BANDAR UTAMA, 18 SEPTEMBER: Despite provisions of billions of ringgit, with various rhetoric to empower Bumiputera development, Prime Minister Datuk Seri Najib Abdul Razak has been urged to provide accurate explanation as to why the New Economic Policy (NEP) previously failed in placing the majority in a proud place.

Chief Minister, Tan Sri Abdul Khalid Ibrahim said that the public is questioning why the Bumiputera status remains fragile with the socio-economic gap widening, and requiring support from the Government despite the NEP being implemented for a long time.

“The government should review the existing shortcomings prior to coming up with a new policy,” he said.

Abdul Khalid said this in response to the announcement by the Prime Minister, Datuk Seri Najib Abd Razak on new measures and strategies to empower the Bumiputera community’s economy through the establishment of the Bumiputera Economic Council.

Abdul Khalid said that efforts to develop the socio-economy of Bumiputeras will not be achieved if the Government still gives opportunities to the ‘rentier class’ such as previous policies.

Abdul Khalid added that the Government should formulate a policy that is concerned about the Bumiputera community and not continue the political survival of any individual.

“Part of the New Economic Policy has provided opportunities to the ‘rentier class’. They do not carry out projects given and instead, carry out projects by way of joint ventures, where most of the work is done by non-Malays.

“Great profits that are not based on ‘value for money’ will cause contracts to be sold (alibaba),” explained Abdul Khalid,

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