Why am I not suprised? :roll:
Government delays new automotive policy
Tuesday June 21, 2005
THE government has delayed its new automotive policy by two months to September from July, International Trade and Industry Minister Datuk Seri Rafidah Aziz said.
â€œThe new tax and duty that has been promised, theres a slight delay,â€ she told reporters in Putrajaya yesterday.
â€The Treasury will announce sometime in September.â€ She didnt give a reason.
Malaysia may end vehicle tax rebates benefiting local car manufacturers and offer other incentives such as research and development grants and tax breaks on investment for the countrys carmakers and assemblers under the policy.
Rafidah said in April the government was close to completing the new auto policy that will help â€œpromote investment for the long-term viability of the automotive industry.â€
She also said she was preparing a separate report on the auto industry to turn Malaysia into a regional automotive and auto-parts manufacturing hub.
â€œThe paper will be submitted to the cabinet soon,â€ she said, declining to give a timeframe. â€“ Bloomberg
I believe any chances of Malaysia turning into THE regional automotive manufacturing hub has been destroyed because of Proton. Everyone’s gone to Thailand. Toyota is only manufacturing the Avanza here.
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