Contracts or approved permits (APs) sold to other parties with the objective of reaping quick profits will be cancelled immediately, said prime minister Tun Dr Mahathir Mohamad, as reported by the New Straits Times. This is because many who have the permits or contracts have refused to follow the example of those who retained ownership of their approved permits and contracts, he said.

“Do not sell off the opportunities and contracts given to you. We hope that the new government will help us, but help will not be given to those who want quick gains. If someone is awarded wth a contract, that is what he will get. If you pass it or sell it to others, then the contract will be cancelled,” Tun Dr Mahathir said.

“If you are not able to execute it, do not try to get contracts, especially if it is only to be sold off later, the contract will then be invalid and cannot be executed,” Tun Dr Mahathir said during a session of the Congress on the Future of the Bumiputera and Nation 2018 last Saturday.

Toyota Vellfire Wald-01

In the Malaysian automotive industry, approved permits are the documents required for the import of cars into the country. There are two kinds of APs; one is the Franchise AP, which is used by principal companies of car brands for the official import of their cars, while the other is the Open AP, which is responsible for most of the grey-import vehicles on our roads, from other right-hand-drive markets internationally.

The desire for instant riches was also among the reasons why the New Economic Policy (NEP) failed to achieve its aims, Tun Dr Mahathir said.

“NEP was created to ensure the economic success of the Malays. But the ones who have succeeded are not Malays. The non-Malays use the opportunities before them – they get to buy the contracts and APs, set up businesses, generate wealth, expand their companies and become millionaires,” he said.