Vehicle APs only for Bumiputera companies, says govt | The Malaysian Insight

Ong Kian Ming says that with the domestic passenger car market localised, open approved permits are no longer as commercially lucrative as they once were. – The Malaysian Insight pic by David ST Loh, March 15, 2019.

COMPANIES looking to get open approved permits to import vehicles and motorcycles this year must be 100% Bumiputera-owned companies, said International Trade and Industry Deputy Minister Ong Kian Ming. This is among the stringent conditions existing AP holders and new AP applicants must meet before their APs are issued this year, said Ong.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Miti confirms 36 bumiputera companies made AP holdersBut the ministry stresses that there are several criteria these companies must abide by. 🙈🙉🙊 Confirms ? Are you definitive sure no alibaba companies in that list ? Because we see a lot of non bumi running recon car business using nice bumiputera company names. imokman join Ali and Baba bank account signatories rings any bells ? More APs and Malay companies. Wow 😮 and yet they talked about racial discrimination in the private sectors employment. They can’t see the log in their own eyes hmm 🤔
Source: malaysiakini - 🏆 20. / 51 Read more »