Malaysian PM Najib to announce measures to help Malays
KUALA LUMPUR (REUTERS) - Malaysian Prime Minister Najib Razak will announce measures this week to boost the economic role of majority ethnic Malays, official media reported on Wednesday, signalling a reversal of earlier pledges to roll back affirmative action policies.
The announcement, due on Saturday, comes as Mr Najib faces a ruling party leadership contest next month.
It also follows an election in May in which his coalition, in power since independence from Britain in 1957, was overwhelmingly rejected by minority ethnic Chinese voters.
The initiatives will cover equity ownership, business,"human capital" and social and economic development, the state-controlled New Straits Times cited senior officials as saying.