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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AI-generated Summary ✨
Comments express widespread skepticism and frustration over the government's plan for an in-depth study on the future of the Open AP system, with many perceiving it as a delay tactic to maintain the status quo that benefits cronies and prolongs high car prices. Several critics accuse the government of corruption and point out that the system mainly benefits a few wealthy AP holders rather than consumers or Bumiputera entrepreneurs. There is strong opposition to continued reliance on studies and consultants, which many see as a waste of public money, with predictions that the AP system will ultimately stay unchanged. Overall, sentiments are negative, with many feeling the government is indifferent to rakyat concerns and that the effort is merely political window dressing.