Ex-premier Dr Mahathir Mohamad hit out at the 'high income economy' espoused by current Prime Minister Najib Abdul Razak.
Mahathir said one thing about high income, that the government didn't say, was that it would lead to a higher cost of living and hinted at the danger of accompanying inflation as observed in Japan.
He also took issue with the government's intention to liberalise the automotive industry in the country, saying that Malaysia is not and has never been, ready for that but added, saying, "Which is why we would like to stay as we are But if the government want to liberalise the industry, it is their right."
Mahathir was speaking to reporters at a press conference after attending the ‘PM Tea with Tun Mahathir' organised by Perodua in Kuala Lumpur today and his statement belied the Najib administration's aggressive policy of liberalisation of our automotive sector, which will come into full effect in 2015.
Mahathir pointed out that other countries were not opening up their automotive sectors to Malaysia, particularly singling out South Korea, Japan and China as no-go areas for Malaysian cars as well as the European Union which imposes strict emissions control requirements that makes it expensive to penetrate their market.
Mahathir, the man responsible for steering Malaysia into the automotive, said, "It is a one way traffic... not fair yet. We should look at our own interests first. Why cater to others when others don't cater to us."
Mahathir pointed out that other countries were not opening up their automotive sectors to Malaysia, particularly singling out South Korea, Japan and China as no-go areas for Malaysian cars as well as the European Union which imposes strict emissions control requirements that makes it expensive to penetrate their market.
Mahathir, the man responsible for steering Malaysia into the automotive, said, "It is a one way traffic... not fair yet. We should look at our own interests first. Why cater to others when others don't cater to us."
Yes, South Korea and Japan close their doors to Malaysian cars but why does US open up their automotive sector to Toyota and Hyundai cars but not Perodua or Proton cars?
Why?
All of us know the answer that is Malaysian cars are sub-standard cars.
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