nap-2014-ap

Today’s National Automotive Policy (NAP 2014) announcement did not touch much on the matter of the Open AP system that is currently being enjoyed by a relatively small group of holders in Malaysia.

Instead, the government will be appointing a company to do an in-depth study on the impact of the termination of Open APs on Bumiputera participation in the automotive industry. This will happen sometime after the CNY holidays this year.

The last update on the Open AP system was that it would be discontinued by December 31, 2015, which is just under two years from now. That will remain the status quo until the findings of the study.

We noticed the MITI minister made it a point to say that the “termination or continuation” of Open APs will be decided after the study.

 

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