Overhaul or Abolish AP
AP system needs overhaul?
Comment by Sidek Kamiso
THE comment by Proton Holdings Bhd advisor Tun Dr Mahathir Mohamed on how approved permits (APs) are given out should send a strong signal for the Government to review the current system of issuing these permits to car importers and manufacturers.
Dr Mahathir said the AP system did not nurture bumiputra entrepreneurs as it had intended since its introduction in 1970. Although it was reviewed in 1987, the current system benefited only a few companies rather than a large number of bumiputra companies.
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