Monday, August 29, 2005

Mahathir's AP-Proton Balancing Act

Dr. Mahathir suggested that a balance can be found between the issuance of Approved Permits (AP) for imported cars and the production of Proton cars. He believes that this balance would be necessary to ensure that the sale of Proton cars is not compromised as this in turn would jeopardise the livelihood of many parties such as sales agents and vendors.

Dr Mahathir was speaking this during a celebration organized by Naza Automotive Manufacturing Sdn Bhd in honour of his 80th birthday.

When asked further, he said that he did not have any specific formula to balance the issuing of APs.

Dr Mahathir said that while he was the Prime Minister, the government implemented the issuance of AP to give bumiputeras the chance to become entreprenuers in the sales of imported cars.

“But some parties had misused the privilege by selling APs. Because of APs, many entreprenuers have successfully opened imported car sales shops, but among them, some have had taken the short-cut to profits by selling APs, Mahathri lamented.

Is he turning around to soothe the AP Kings? He made this comment at Naza's organized function which was held to celebrate his birthday. Has Nazaruddin done a great job to change his mindset or is he really senile? He doesn't have any formula to balance the AP issue. Who is going to make the formula? Is he suggesting Pak Lah?

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