Malaysia PM YAB Datuk Sri Najib said: “Abolish NEP”
On his maiden trip to Singapore yesterday, Prime Minister Najib Abdul Razak was on a charm offensive, touching on his plan to dismantle the National Economic Policy (NEP), a sore contention point in Malaysia’s race-relations.
In an interview with Singapore’s Straits Times, Najib (right) said that the ethnic quotas had damaged Malaysia’s competitiveness and ran counter to global trends.
He added that the long-term benefits of ending the scheme would outweigh the “pain”.
Launched in 1970, the NEP has remained one of the most divisive aspects of Malaysia’s multi-ethnic society. The affirmative action programme uniquely favours the Malay majority over the Chinese and Indian minorities.