Highlights:
- Minister of investment, trade and industry Tengku Datuk Seri Zafrul Abdul Aziz reiterated that the government has no intention of phasing out the approved permit (AP) system for vehicle imports despite providing a leeway for Tesla.
- Removing APs will not (only) allow consumers to have access to more products at a more affordable price, but it will also create a competitive push for local producers, forcing them to improve on price and technology
one step forward one step back lol
Too many AP cronies… dismantling AP system overnight may also destroy a billion+ ringgit industry.
One of the comments below mentioned that by providing “leeway” to certain manufacturers they are essentially gradually liberalising the market.
Collecting taxes is not an industry =P
But really, limpeh needs that sweet sweet tax money. Money makes Madani after all
nah, it is an industry akin to Korean chaebols but even more fucked up and really inequitable lol.