Husni: No framework to protect Malays in NEM yet

By Syed Jaymal Zahiid, The Malaysian Insider

The New Economic Model (NEM) does not include any framework to protect Malay economic interests yet, Second Finance Minister Datuk Seri Husni Hanadzlah said today.

Husni said the framework would only be inserted after the NEM was revealed to the National Economic Advisory Council for inputs.

“Actually, there is still no formula for initiatives to protect Malay economic development in the NEM,” he told the press after attending an event here.

“But the NEM framework will be given to the NEAC, and then, it will be openly displayed so that everyone, every race and sectors, can give their inputs,” he said further.

Husni said that the government was still looking at developing the economy through “growth with equity” which meant that it would not neglect the interests of any race, particularly the Bumiputeras.