YakcopSecond Finance Minister Tan Sri Nor Mohamed Yakcop says the government has not approved the voluntary car scrapping policy for cars over 15 years of age, as opposed to what The Edge reported previously.

“No, we have not approved such a proposal. The report is not correct. There may be some studies on this subject but at this point there is nothing,” he said.

The Edge reported that the policy would be announced by the time the new national budget is announced by mid-September, so there is still some time of slightly less than two months for it to happen.