Pekema’s soft loan proposal

  • Auto
  • Thursday, 15 Feb 2018

Pekema's president Zauniddin Abd Rahman at yesterday's press conference. - Bernama

CYBERJAYA: The Malaysian Association of Malay Vehicle Importers and Traders (Pekema) has asked the Government to allow approved permit (AP) fees accumulated in the Bumiputra Automotive Fund to be used as soft loans for Proton dealers to upgrade their outlets.

Pekema president Datuk Zainuddin Abd Rahman told reporters at Wisma Yayasan Pekema here yesterday that since 2010, the fund, which collected RM10,000 for each AP, has reached RM3bil. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Pekema , proton , loans , dealers ,


Next In Business News

Indonesia’s halt to palm oil expansion set to expire soon
China defends tech crackdown in meeting with Wall Street chiefs
CPO futures likely to see technical correction next week
Evergrande says six execs redeemed investment products in advance
Infineon opens Austria plant early in chip capacity boost
Indonesia may reopen to tourists from some countries in October
Airbus reaches deal to restructure AirAsia jet order
Oil price falls as storm-hit US supply trickles back into market
World shares fall as markets await Fed meeting, taper timeline
Gadang’s subsidiary bags RM100mil deal

Stories You'll Enjoy