Pakatan vows to phase out NEP

Boo Su-Lyn, The Malaysian Insider

Pakatan Rakyat (PR) has pledged to replace race-based affirmative action with means-tested policies that will see the eventual removal of the New Economic Policy (NEP) if it captures Putrajaya in Election 2013.

PKR strategy director Rafizi Ramli stressed that the opposition pact was focused on increasing household income to RM4,000 monthly, instead of pursuing a 30 per cent Bumiputera quota.

“We are going to move from race-based to needs-based policies and that will automatically phase off the NEP,” said Rafizi at a press conference at the PKR headquarters here today.

“It’s a matter of time [before] all these race-based policies are irrelevant,” he added.

Rafizi pointed out that under a PR government, Bumiputeras would enjoy equity exceeding 30 per cent.

PR unveiled its election manifesto last Monday, promising a complete revamp of the country’s economic approach with the aim to ensure every Malaysian household draws a minimum monthly income of RM4,000 by the end of its first term.

The pact also enforced its pledge to drop fuel prices and electricity tariffs, scrap toll payments, reduce car prices, free education, as well as increase the ceiling for taxable income to those who earn a minimum of RM400,000 annually, instead of the current RM250,000.