Paul Tan on the Automotive Industry
Minister of International Trade and Industry, Datuk Seri Rafidah Aziz says take-up for the Automotive Development Fund (ADF) is abit slow this year, with only two applications for working capital and machinery worth RM10 million received as of June this year.
This makes total disbursement totalling RM60 million so far out of a total RM400 million allocated, with RM50 million going to Proton last year for the consolidation of dealers and the rationalisation and improvement of vendors.
Related stories you might be interested in reading:
Honda Dreams Fund Scholarship
Honda Dreams Fund deadline extended to 15 April
Honda Dreams Fund Scholarship programme is open for applications
Slow down, and enjoy the rideAbout the Author
After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
Want a picture next to your comment? Register for a Gravatar account with the same email you use to comment!
RM50 million going to Proton last year for the consolidation of dealers and the rationalisation and improvement of vendors
RM50 million going to Proton last year for the consolidation of dealers and the rationalisation and improvement of vendors
————————————————————–
emm.. when we can see the fruit bore from it???
hopefully the P1 can show some improvement in QC, or else it realy @#%%$#%
10mill for businesses for machinery and 50mil for Proton? I wonder who got the 10 million.
Wow.
Great, wonder when she'd see the light.
If it wasn;t bad enough that we are already loosing the big pie of FDI, you still have to shell out cash on a dying overweight giant. Great job.
where is ICAC ??? pls check this FAT girl account …. sure a lot of dark money ~ DAmn AP …. go to hell
Well if it is not earning a lot will this fat lady will stay at that position so long? Even samy vellu also stay at the position so long.. Proton considered as dead already.. Anywayz just saw 2 white Gen.2 sedan driving near sungai buluh highway plus today morning.. Well, no inovative just stretch the gen.2 only..
just wasting time and wasting money on p1.
I want to punch this fat ass in her face for a very very very long timeee of enduring her fake face and fake words… if I see her… I'll give her not 1 but 10 punches…
anyone wants to do the same here??
probably bcos of the amount of red tape and thousands of obstacles thr r thats y no one want to take the funds….and god knows how much a company need to 'give money' to get that fund….
There won't be any Automotive Development in Malaysia until AP is dead. National automakers just ain't feeling enough heat yet. I say we unleash the foreign automobiles upon our "national pride/shame" and let em slug it out!! Then we'll see Automotive Development, true development, not rebadging of foreign firms' development.
this is more like a budget to save P1…