Deputy Minister of International Trade and Industry Datuk Mukhriz Mahathir says the review of the Approved Permits system is already at the final review stage and an announcement might be made by Minister Datuk Mustapa Mohamed by the end of this month.
“Currently, the AP issue is still being under scrutiny. It’s a very complex issue. It involves many people and different interests. We’ve to weigh different interests and have to come up with something that are acceptable to most parties,” said Datuk Mukhriz to Bernama reporters on Thursday.
Earlier this month the KL and Selangor Car Dealers and Credit Companies Association urged MITI to open up the AP system to everyone, with a 30% quota for Bumis and the rest via an open auction system.
Datuk Mukhriz suggested that the AP system may be rethinked or abolished, though the latter is quite unlikely at this point of time, an unfortunately thing really as when the new NAP was unveiled in 2006, it was stated that the AP system would be phased out completely in 2010.
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AI-generated Summary ✨
Comments largely express skepticism and frustration over the AP policy, believing it is unlikely to be abolished soon and is mainly used to benefit a privileged few, especially Bumiputras, at the expense of the general rakyat. Several emphasize that the system tends to enrich the wealthy and perpetuate inequality, while some suggest it is a tool for racial favoritism and economic protectionism. There are calls for government reform and accusations that the current policies hinder fair competition and inflate car prices. A few comments express hope for future change with a new government, but overall, many see AP as a system that sustains corruption and inequality, and predict it will persist or be renamed rather than fully abolished. The overall sentiment is one of cynicism and demand for reform.