Open AP policy from July 1, 2024 to benefit more bumiputera entrepreneurs


KUALA LUMPUR: Any bumiputera company, including companies that have never been involved in automotive activities, can apply to be appointed as an Open AP company to engage in vehicle importation and sales activities in Malaysia, effective July 1.

The Ministry of Investment, Trade and Industry (MITI) said the move is in line with MITI's efforts to continue to increase inclusiveness and transparency in the Open AP application process.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MITI , Open AP , Bumiputera companies , Automotive

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read