Malaysia is poised to review automotive policies that is said to burden Malay entrepreneurs, according to a report by The Star. Prime minister Datuk Seri Najib Tun Razak said that among the regulations that will be looked into include the RM10,000 fee for each open Approved Permit (AP), introduced in 2010.

While Najib said that the government has collected around RM2 billion in fees since its implementation, “this affected the cash flow of those in the industry.”

“The government is ready to look into what new steps can be taken to ease the burden of open AP companies,” Najib said, adding that Minister of International Trade and Industry (MITI) Datuk Seri Mustapa Mohamed would submit recommendations for consideration and approval. He also said that any decision would involve government revenue, and the finance ministry would also be included in the decision-making.

Najib also mentioned that the government is interested in continuing to work with the Association of Malay Importers and Traders of Motor Vehicles Malaysia (PEKEMA) to improve the industry further, inviting it to bring up weaknesses in policies or dissatisfactions.

“We can sit together and come up with the best solutions to overcome the challenges,” he said, adding that the government is targeting 27,000 job opportunities in the automotive industry this year, after securing 20,000 in 2016.