Abolishing the AP system?
To certain people, especially the politically elite few, that would be
like killing the goose that lays the golden egg......
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Wanna talk about Approved Permits (AP)
Started by
TheFazz
, Apr 25 2005 05:11 PM, 25 replies to this topic
#12
Posted 28 April 2005 - 03:42 PM
Wasn't there a few lines mentioned in last year's or was it 2003 budget
speech about the AP system be abolished after 2007. Anyone care to dig up
an archive of the speech.
speech about the AP system be abolished after 2007. Anyone care to dig up
an archive of the speech.
#13
Posted 01 May 2005 - 01:55 PM
APs came into existance when the government realize that there were lack of
interest in Bumiputeras who were involved in the automotive side. These APs
were then issued by the government to promote the importation of vehicles
into the country to the Bumiputeras and were ONLY issued to Bumiputeras or
a company which is at least 70% (I think) owned by Bumiputeras. However
many Bumiputeras saw this as an opportunity as a get rich scheme and
applied to as many APs as they could and then sold them to others who used
this APs to import cars. These APs fetched up to RM50,000 a piece or
perhaps even more. Thanks to our "fat-lady" Rasuah Aziz's crony ministry,
it has made Tan Sri Nasimuddin as the AP holder king.
The only one advantage of the AP is successfully making a few Bumiputeras
filthy rich (while legally stealing from everyone with that shitty piece of
paper).
interest in Bumiputeras who were involved in the automotive side. These APs
were then issued by the government to promote the importation of vehicles
into the country to the Bumiputeras and were ONLY issued to Bumiputeras or
a company which is at least 70% (I think) owned by Bumiputeras. However
many Bumiputeras saw this as an opportunity as a get rich scheme and
applied to as many APs as they could and then sold them to others who used
this APs to import cars. These APs fetched up to RM50,000 a piece or
perhaps even more. Thanks to our "fat-lady" Rasuah Aziz's crony ministry,
it has made Tan Sri Nasimuddin as the AP holder king.
The only one advantage of the AP is successfully making a few Bumiputeras
filthy rich (while legally stealing from everyone with that shitty piece of
paper).