Page "Malaysian New Economic Policy" Paragraph 8

The NEP had the stated goal of poverty eradication and economic restructuring so as to eliminate the identification of ethnicity with economic function.

The initial target was to move the ratio of economic ownership in Malaysia from a 2. 4: 33: 63 ratio of Bumiputra, Other Malaysian, Foreigner ownership to a 30: 40: 30 ratio.

This was to be done by redistributing the wealth to increase the ownership of enterprise by Bumiputras from the then 2. 4 % to 30 % of the share of national wealth.

The 30 % target for Bumiputra equity was proposed by Ismail Abdul Rahman after the government was unable to come to a consensus on an appropriate policy goal.