AP system needs overhaul?

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. 

At a press conference yesterday, 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.