There was a report in Bernama today quoting Deputy Minister of International Trade and Industry Datuk Mukhriz Mahathir that the AP systems may be rethinked or abolished altogether.
It appears that this statement was prompted by a request by the Kuala Lumpur and Selangor Car Dealers and Credit Companies Association to open up the AP system to everyone, with maybe a 30% quota for Bumiputras and the rest to anyone by an open auction system.
Details are a little sketchy on whether this 30% quote for Bumis would have to be paid for or not, as in the current system APs are given free.
Don’t hope too much for car importing to be available to anyone at no cost however, as Datuk Mukhriz says abolition was not the only option on the table, and it is likely not to be the path taken as currently consumers are already paying for APs, and simply replacing it with an auction system would give the government extra revenue.
When an auction system was suggested back in 2007, MITI’s response was “auctioning can jeopardize the business of Bumiputra entrepreneurs in the automotive sector as it will be difficult to plan ahead and make long term investments.”
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AI-generated Summary ✨
Comments express skepticism about the MITI’s plan to rethink or abolish the Approved Permit system, viewing it as a political gimmick with little real change expected. Many believe the system is deeply entrenched, benefiting a select few AP holders and cronies, while causing high costs for consumers and hindering competition. There’s frustration over ongoing delays, allegations of corruption, and the misuse of APs for personal gain. Several comments highlight that political and racial issues underpin the system, with some suggesting it’s maintained to serve vested interests. Overall, most sentiments are negative, feeling that little progress will be made without fundamental reforms, and expressing disillusionment with government intentions and the lack of action.