Lim Kit Siang

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Is the New Economic Model (NEM) a myth or a reality – is it still at “trial balloon” stage? Posted: 14 Aug 2010 09:04 PM PDT Recently news headlines on the New Economic Model (NEM) have suddenly dominated the media like "IMF asks Malaysia to take 'decisive' action on reforms" and "Najib tells Chinese to lead reforms under NEM, 10MP" in the past 24 hours. References to NEM appears to have come into vogue again, coming out from the shadows from [...]

IMF wants gov’t to take ‘decisive’ action on NEM Posted: 14 Aug 2010 04:16 AM PDT AFP The International Monetary Fund (IMF) has asked Malaysia to take “decisive” action on reforms under a model programme aimed at revamping a controversial four-decade-old affirmative action policy. Malaysian Prime Minister Najib Razak announced in March a ‘New Economic Model’ or NEM, aimed at reforming elements of the policy favouring the country’s majority ethnic Malays [...]

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