Monday, November 20, 2006

NEP Benefits Not Only The Elite But All Malaysians, Says Najib.

Datuk Seri Najib Tun Razak Monday dismissed the notion that the New Economic Policy (NEP) only benefited those at the top, saying that the policy had greatly changed the socio-economic status of the people in the country.

The deputy prime minister that in terms of eradicating poverty, the government had succeeded in reducing the poverty rate from over 50 per cent prior to the introduction of the NEP to five per cent now.

"So, I totally reject the contention that the NEP has benefited only certain groups," he told reporters after opening the "International Conference: Ibn Khaldun's Legacy and Its Contemporary significance," near here.

He said that under the NEP, poverty eradication was not focused only on the Malays because it had also created many opportunities for the non-Malays to the extent that many non-Malay corporate leaders had become rich during the period of its implementation.

"Many non-Malays have received the spillover and contracts from the government and also certain approvals," he said.

Najib said this when asked to comment on a claim by Penang Education and Economic Planning Committee chairman Datuk Dr Toh Kin Woon that the policy was only for the elite especially those who are close to the leaders. Dr Toh made the claim at a forum in Penang yesterday which was also attended by representatives from the opposition parties.

The NEP was introduced in 1970 with the objective to eradicate poverty and restructure society. It ended in 1990.

Acknowledging that there were several weaknesses in the implementation of the policy, Najib said the government had tried to correct this, especially regarding approaches which were unsuitable and which did not bring about the desired results.

"But to reject the NEP, to say that the NEP is only for the rich and for certain individuals, is not acceptable," he said.

Related report: Future Umno assemblies may not be telecast live

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5 Comments:

Blogger patriot said...

It is ridiculous. By extension, he may as well say NEP benefits not just all Malaysians but foreigners too. Economic spillovers go far and wide and even cross borders to trading partner countries. Spillovers that he considers as benefiting non-Malays are only the crumbs thrown to the rats.
The crux of the matter is the objective of NEP to help the poor Malays has missed its very target and enriched the Malay elites further. That is how NEP failed.

4:28 PM GMT+8  
Anonymous xpyre said...

"But to reject the NEP, to say that the NEP is only for the rich and for certain individuals, is not acceptable," he said.

Ahhh.. at least he ADMITS it's not acceptable...he doesn't deny that it's false, now, does he?

4:34 PM GMT+8  
Blogger toniXe said...

don't our dear old tiresome friend know that he ( & by xtension all of UMNO and then Malaysia) has lost all credibility in the eyes of the world ( remember Ella's great song in the Commonwealth Games in KL 98)

Its easy for those Aholes to talk and talk and talk because they ( & us ) are going downhill into pariahdom.

very soon ( and soon enough ) all Malaysians will become Truly 'Tidak Apa'

Welcome to VTTAYSF07 ( visit truly tidak apa year starting from 07) !

5:21 PM GMT+8  
Anonymous Robin Goodfellow said...

Shylock Tun Razak. Sooner or later someone, somewhere out there will squeeze your 'margins' on arms deal to the M'sian armed forces; or Abdullah Razak Baginda's or his eventual successor. Then the armed forces will end up receiving more and more inferior and outdated equipment, all thanks to your race baiting and canny manipulation of the NEP. I shall wait and see as to how much patience the Generals and Admirals will exhibit when newly bought planes start crashing here and there and recently purchased armoured vehicles being mothballed due to lack of spare parts. All because you used NEP to cover up your need for 'margins'.

6:39 PM GMT+8  
Anonymous Anonymous said...

Yes, the spillover benefited some Non-Malay cronies of BN like the YTL, Maxis etc who become filthy rich Non-bumis of this land-Same like what Suharto has done in Indon.

9:01 AM GMT+8  

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