PM To Announce Administrative Reforms To Support New Economic Model

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From Mikhail Raj Abdullah ', TEXTFONT, 'Verdana, Arial, Helvetica', TEXTSIZE, '1', WIDTH, 75)" onmouseout="nd()"> HONG KONG, March 24 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak will announce administrative reforms when he introduces the New Economic Model (NEM), next week, to ensure its success and effectiveness on the Malaysian economy and the people.

"The emphasis will be on the execution of the NEM in order to achieve the government's objective of transforming Malaysia into a high-income economy and to spur deveopment," he told Malaysian reporters here on Wednesday before returning to Kuala Lumpur after attending the Credit Suisse Asian Investment Conference.

Najib, who is also Finance Minister, said: "Although the new economic model is good but if the implementation is not planned well, with the right people in place, then we will not be able to achieve the desired target."

When asked if the administrative reforms would involve both the International Trade and Industry and Finance ministeries, he said: "Let's wait and see next week".

On his visit to Hong Kong and his meeting with foreign fund managers at the Credit Suisse Asian Investment Conference, Najib said it had attained the intended objective of "explaining the direction of the new government policy in bringing about a huge transformtion of the Malaysian economy".