this post was submitted on 27 Jul 2023
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Government’s decision to retain approved permit (AP) system a regressive move, according to economists (paultan.org)
submitted 1 year ago by [email protected] to c/[email protected]
4 comments fedilink hide all child comments
 

Highlights:

  • Minister of investment, trade and industry Tengku Datuk Seri Zafrul Abdul Aziz reiterated that the government has no intention of phasing out the approved permit (AP) system for vehicle imports despite providing a leeway for Tesla.
  • Removing APs will not (only) allow consumers to have access to more products at a more affordable price, but it will also create a competitive push for local producers, forcing them to improve on price and technology
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[–] [email protected] 0 points 1 year ago (1 children)

one step forward one step back lol

[–] [email protected] 0 points 1 year ago (1 children)

Too many AP cronies… dismantling AP system overnight may also destroy a billion+ ringgit industry.

One of the comments below mentioned that by providing “leeway” to certain manufacturers they are essentially gradually liberalising the market.

[–] [email protected] 0 points 1 year ago (1 children)

Collecting taxes is not an industry =P

But really, limpeh needs that sweet sweet tax money. Money makes Madani after all

[–] [email protected] 1 points 1 year ago

nah, it is an industry akin to Korean chaebols but even more fucked up and really inequitable lol.