Friday, May 1, 2009

Govt will continue to focus on NEP, says Mukhriz (The Star)

Talking about 1-Malaysia in new administrative line-up. Looks like the Cruel Joke article that posted 2 days ago really come to a reality.
While the claim continue to reflect the goodness of NEP for all races...then the follow-on question is: Why there is a need for NEP or special term for NEP?

Govt will continue to focus on NEP, says Mukhriz (The Star)
KUALA LUMPUR: The Government will continue to focus on the National Economic Policy (NEP) despite the liberalisation of equity ownership of 27 service sub-sectors, said Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir.

The NEP, introduced in 1971, is aimed at restructuring society to narrow the economic disparity among the different races in the country.

“The NEP will still enjoy primary focus as it has a lot of benefits for all races although there is some specifications towards the bumiputras. And with the liberalisation, there will be a lot more opportunities from foreign investments in Malaysia,” Mukhriz told reporters after opening the Oil, Gas and Petrochemical Forum and Exhibition yesterday.

The two-day event is organised by the Malay Businessmen and Industrialist Association of Malaysia.

Mukhriz said liberalisation would create jobs and strengthen the ability of local firms to compete against international companies.

“When we open up our market, the chances to explore foreign markets for our products and services will also increase,” he said

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