The Legacy of Mahathir’s Policies: The Cost of National Unity

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Economist says NEP benefits political elite, not ordinary Bumiputeras

PETALING JAYA: The New Economic Policy (NEP) and other pro-Bumiputera privileges have largely benefited political cronies rather than the wider Bumiputera community, says economist Barjoyai Bardai, who urged a shift from dependency to competitiveness and self-reliance.

He told FMT that most Bumiputeras, especially those in the B40 group, regard these privileges as “practically non-existent”.

Barjoyai said while some still hope that a future government might genuinely uplift small and micro Bumiputera businesses, many now see the NEP and similar policies as “dirty words” that undermine their credibility as entrepreneurs.

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