Bumis Will Regress
Without NEP, Says Mahathir
Ethnic Malays have made poor use of the 36-year-old affirmative action policy and will regress economically if it is taken away, former Malaysian Prime Minister, Tun Dr Mahathir Mohamad, said.
The New Economic Policy (NEP) gives Malays and other bumiputeras quota privileges over ethnic Chinese and Indians for government contracts, homes and company shares in a bid to redistribute wealth.
“The Malays have not responded to the efforts made by the government and because of that, the disparity remains,” said Tun Dr Mahathir in an interview.
“When you're coming up from behind to catch up, you have to run faster, you have to make more effort,” he added.
But without the NEP, the Malays will slip further behind and the country risked a return to racial violence, he warned.
-- BLOOMBERG
For detailed text please click the link be BLOOMBERG
http://www.malaysia-today.net/index.shtml
Without NEP, Says Mahathir
Ethnic Malays have made poor use of the 36-year-old affirmative action policy and will regress economically if it is taken away, former Malaysian Prime Minister, Tun Dr Mahathir Mohamad, said.
The New Economic Policy (NEP) gives Malays and other bumiputeras quota privileges over ethnic Chinese and Indians for government contracts, homes and company shares in a bid to redistribute wealth.
“The Malays have not responded to the efforts made by the government and because of that, the disparity remains,” said Tun Dr Mahathir in an interview.
“When you're coming up from behind to catch up, you have to run faster, you have to make more effort,” he added.
But without the NEP, the Malays will slip further behind and the country risked a return to racial violence, he warned.
-- BLOOMBERG
For detailed text please click the link be BLOOMBERG
http://www.malaysia-today.net/index.shtml
