MALAYSIA: Unveils New Economic Plan

On 30 March, Malaysian Prime Minister Najib Abdul Razak unveiled the government’s new economic plan.  The New Economic Model (NEM) will eliminate race based policies including those that favor ethnic Malays in the housing, education and employment sectors of society.  Prime Minister Razak announced the new model will address the race issue and will provide fair treatment.  The economic reform is designed to eradicate poverty and also to establish Malaysia as a developed nation by 2020.