SHAH ALAM, Sept 14 — With an eye firmly on the Umno party elections soon, Prime Minister Datuk Seri Najib Razak today detailed a far-reaching New Economic Model (NEM) that is set to offer the dominant Malay community access to billions in aid and contracts.
In a high-profile announcement in Shah Alam this morning, Najib trotted off a list of over RM31 billion in various loans, contracts and programmes that will be made available to the group, with the stated aim of strengthening Bumiputera economic participation and boost their ownership of commercial property.
Today’s firm commitment towards uplifting the lot of the Malay community — which Najib described as integral in charting the country’s fortunes — follows recent criticism against the Umno president for failing to fully acknowledge the support the group had extended to the ruling Barisan Nasional (BN) during the recent general election.
MORE TO COME
