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KUALA LUMPUR: The outdated New Economic Policy (NEP) is in need of reform to address current political, economic and social situations, says Datuk Seri Nazir Razak.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