The Ministry of International Trade and Industry (MITI) will be introducing financial assistance schemes for Proton vendors to increase their quality and production levels, with an allocation of RM400 million from the government’s coffers under the Automotive Industry Development Fund.
“The ministry will work with Proton to ensure that this effort is successful and hopefully producers who have been appointed as vendors to Proton (when they get the assistance) will successfully see through their efforts. We will use the money to strengthen the selected Proton vendors and raise their standards to a much higher level. This is very important,” said MITI Minister Tan Sri Muhyiddin Yassin.
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AI-generated Summary ✨
Comments express concern over the RM400 million allocated to Proton vendors, with many criticizing it as misused public funds and a form of cronyism. Several argue that the money should instead be used for public services like education and healthcare. Others highlight that many vendors already supply multiple automakers and question why government support is needed, suggesting that vendors should upgrade independently or through commercial loans. There’s skepticism about the effectiveness of the funding, with some believing it prolongs vendor mediocrity and hampers quality improvement. A few comments propose performance-based assistance or responsible monitoring, emphasizing the need for accountability. Overall, sentiments lean toward disapproval, viewing the fund as an unnecessary bailout rather than a genuine development effort, raising doubts about transparency and long-term benefits.