NEP will destroy the Malays

comments     Bede Hong and Muhammad Razif     Published     Updated

Since joining Parti Keadilan Rakyat (PKR) as its treasurer in July, Khalid Ibrahim has called for the abolishment of the New Economic Policy (NEP) - an affirmative action scheme launched in 1971 to uplift the lot of poor Malays.

The call is surprising as it comes from a person once described as an 'industry captain'.

Khalid, 60, is the former chief executive of Kumpulan Guthrie Bhd and former group chief executive of government-linked plantations company Permodalan Nasional Bhd (PNB). He stepped down from Guthrie in 2003. He also set up an asset-management and counsulting firm for foreign clients.

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