The general consensus is that the New Economic Model announced by the Prime Minister, Datuk Seri Najib Razak pledging long-promised economic reforms is singularly short of details as to convince Malaysians that there is the political will to match words with deeds.
Even more serious, Najib’s unveiling of the New Economic Model has not been able to come out of the long shadow cast by the Perkasa inaugural congress spouting neo-NEP Malay communalism as it was attended by several Umno Deputy Ministers.
DAP Secretary-General Lim Guan Eng asked yesterday why RM52 billion worth of shares of public-listed companies allocated for bumiputeras under the New Economic Policy were no longer in their hands.
Raja Petra Kamaruddin has estimated in his portal Malaysia-Today that the real cost of the New Economic Policy may be the colossal figure of RM500 billion, saying that this could be a low estimate.
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