The introduction of the NEP in 1970 marked a new phase in the economic and social development of Malaysia. Under this policy, the government played a more active and direct role in resource allocation, production and trade primarily through public enterprises. The NEP incorporated in five year plans for the two decades 1971-1990 to restructure the economy and the society. It was basically ethnicity oriented policy which accorded the Bumiputera preferential treatment to correct socio-economic imbalances persisted in between the ethnic groups in the society (Jomo, 1994).