Nazir: New Economic Policy in need of reform


“We needed the NEP at the time but it should not have lasted more than 20 years,” Nazir Razak said during a dialogue session earlier this week

KUALA LUMPUR: The outdated New Economic Policy (NEP) is in need of reform to address current political, economic and social situations, says Datuk Seri Nazir Razak.

Other than having outrun its course, the former CIMB Group Holdings Bhd chief executive officer and chairman said the NEP had also become a source of money politics.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
NEP , New Economic Policy , Nazir Razak , reform ,

Next In Business News

Ireka names Wai Shan Yuen as group MD
Orkim extends Shell charter contracts
Ringgit weakens after Fed holds rates
MITI to implement new incentive framework from March 2026
Proton offers up to RM4,000 to replace cars aged 20 years and above
Sunway REIT outlook resilient buoyed by better FY25
Pavilion REIT records higher 4Q25 earnings
U Mobile launches neutral enterprise platform to support 5G-A, AI use cases
PETRONAS to sustain domestic production at 2 MMboe/d in next three years
Ringgit retreats against US dollar after Fed holds rates

Others Also Read