Slow take-up for Automotive Development Fund

Posted in Cars, Local News / By /

rafidah_left.jpgMinister 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.

Source

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Paul Tan

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.

 

Comments

  • silv3r (Member) on Jul 10, 2007 at 10:04 am

    RM50 million going to Proton last year for the consolidation of dealers and the rationalisation and improvement of vendors

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  • NiceCar (Member) on Jul 10, 2007 at 3:47 pm

    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 @#%%$#%

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  • 4G63T DSM (Member) on Jul 10, 2007 at 4:09 pm

    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.

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  • sxe10r (Member) on Jul 10, 2007 at 4:40 pm

    where is ICAC ??? pls check this FAT girl account …. sure a lot of dark money ~ DAmn AP …. go to hell

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  • LittleFire85 (Member) on Jul 10, 2007 at 6:32 pm

    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..

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  • PTAllTheBest (Member) on Jul 10, 2007 at 6:49 pm

    just wasting time and wasting money on p1.

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  • sintiansai (Member) on Jul 10, 2007 at 7:29 pm

    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??

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  • e-nabilll (Member) on Jul 10, 2007 at 9:08 pm

    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….

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  • aesthari (Member) on Jul 10, 2007 at 11:11 pm

    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.

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  • mystvearn (Member) on Jul 11, 2007 at 4:22 am

    this is more like a budget to save P1…

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