By Lee Wei Lian - The Malaysian Insider
KUALA LUMPUR, March 11 — The New Economic Model (NEM) will be put on public display so that the public can offer their feedback said Second Finance Minister Datuk Seri Haji Ahmad Husni Mohamad Hanadzlah (picture) today.
Husni said that the National Economic Advisory Council (NEAC) is formulating the NEM which will be handed to the prime minister at the end of the month and it will be put up for public viewing once it has been announced by the government.
“We (the government) know some things but we also learn from the public,” he said in his speech at the vendor appreciation ceremony by Faber here today.
“The prime minister is talking about people first so we want to hear from everybody. After hearing their voice, then we will make the final plans.”
The NEM is expected to stress innovation and competitiveness as the basis of transforming Malaysia into a high income nation by 2020.
The NEM has been the subject of some controversy when the conservative Malay group Perkasa expressed concerns over potential reforms and said that the NEM should incorporate elements of the race-based New Economic Policy.
Prime Minister Datuk Seri Najib Razak said today he will make a two-stage announcement for the NEM, with the first being March 30 at the Invest Malaysia conference.
The full details will be announced in the 10th Malaysia Plan, he added.
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