Government Taking Measures to Reduce Burdens on Malay Entrepreneurs

In a strange turn of events, the government has decided to review certain automotive poliicies that have become a strain on Malay entrepreneurs (as reported by The Star). They've asked Pekema (association of Malay Importers and Traders of Motor Vehicles Malaysia) to bring up any weaknesses or dissatisfaction with the current policies in order to see what can be done about it.

But not all problems can be resolved. For example, the revised AP system introduced in 2010 meant an RM 10,000 fee per AP- no small chunk of change- but has also provided the government with RM 2 billion in revenue over the last 6 years. Removing such a system will mean a loss of a heavy source of funding.

What is clear is that the government is willing to work with Pekema. With 20,000 job opportunities created in the automotive industry last year, it's clear that the automotive industry is a key contributor to our local economy. Pekema also received commendations from Najib for their purchase of a RM 25 million eight-story twin tower with funds collected from its members. Najib feels that this is a "sign of success of Malay entrepreneurs through open AP policy,".