04-02-2021, 10:53 AM
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PETALING JAYA: Several economists have recommended that the focus of the New Economic Policy (NEP) be shifted from equity ownership to encouraging the growth of Bumiputera-owned micro, small and medium-sized enterprises (MSMEs).
They argue that improving equity may not necessarily translate to better performance or align with Malaysia’s high income goals.
The 12th Malaysia Plan is set to be tabled this year. Noting this, Lee Hwok Aun, an economist with the ISEAS-Yusof Ishak Institute, said there was now an opportunity to rewrite the script for Malaysia’s future.
He said the priority should be on facilitating the growth of Bumiputera-owned MSMEs rather than fixating on ownership.
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