DOCSLIB.ORG

Comparative Political Economic Analysis of Automotive Industrial Policies in Malaysia and Thailand

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Comparative Political Economic Analysis of Automotive Industrial Policies in Malaysia and Thailand 60 State and Industrial Policy State and Industrial Policy: Comparative Political Economic Analysis of Automotive Industrial Policies in Malaysia and Thailand Wan-Ping Tai Cheng Shiu University, Taiwan Samuel C. Y. Ku National Sun Yat-Sen University, Taiwan Abstract Numerous differences exist between the neoclassical and national development schools of economics on how an economy should develop. For example, should the state interfere in the market using state resources, and cultivate certain industries to achieve specific developmental goals? Although the automotive industries in both Thailand and Malaysia developed in the 1970s with considerable government involvement, they have evolved along very different lines. Can these differences be traced to different interactions between the state and industry in these two countries? This paper examines this issue and finds that although industries in developing countries need government assistance, the specific political and economic contexts of each country affect the policies adopted and their effectiveness. The choice between “autonomous development” (Malaysia) and “dependent development” (Thailand) is the first issue. The second issue is that politics in Malaysia has deterred the automotive industry from adopting a “market following” position. This paper finds that the choice of strategy and political interference are the two main reasons the automotive industry in Malaysia is less competitive than that in Thailand. Keywords: Automotive Industry, Developmental State, Malaysia Automotive Industry, Thai Automotive Industry, PROTON, Political Economic Analysis Introduction sectors and industries as diverse as iron, oil, manufacturing, sales, the stock market, In the wake of the 2008 economic crash, credit, and insurance. Because of the huge whether the U.S. government should knock-on effects that a collapse of this financially support the domestic automotive industry might have on the wider economy, industry has become a matter of debate. The the possibility of government intervention automotive industry has been one of the in the U.S. automotive industry remains an three main industries in the U.S. for the past option (Yun-Han Chu, 2008: 20). hundred years, and is involved in other Journal of ASEAN Studies, Vol. 1, No. 1 (2013), pp. 55–82 © 2013 by CBDS Bina Nusantara University and Indonesian Association for International Relations ISSN 2338-1361 print / ISSN 2338-1353 electronic 56 State and Industrial Policy This debate has touched on issues car sector (Rasiah, 1999). However, despite related to developmental economics such sharing a number of similarities in their as, when a new industry is launched or developmental backgrounds and with faces crises, should the state intervene and governmental organizations taking a help the industry, or should they follow the leading role in the industry, they have also selective policy to help only certain firms? diverged and chosen relatively different In what type of situation should paths to further development. Malaysia has governments intervene? Will state resources adopted its automotive industry as a devoted to the industry be used efficiently national industry, with an “independent to reach the development goal? These topics development” strategy applied to establish have been the focus of debates that have a national brand, whereas Thailand has never reached a consensus. chosen to cooperate with international car Most scholars of developmental manufacturers and adopted the “dependent economics feel that because of lacking development” strategy, which has made its market mechanisms and limited resources domestic automotive industry part of the in developing nations, policy intervention worldwide supply chain. The results of in industry is necessary to accelerate these two strategies show that the industrialization. However, although “independent development” of Malaysia industries in developing countries need has yielded fewer benefits (Fuangkajonsak, state intervention, not all such interventions 2006: 1-3). yield expected results. Could such Examining the development of the supported industries survive when the automotive industry with the development government withdraws its protection? What of politics and economics in countries can are the costs and benefits for the obtain a clearer picture of the relationship government under these policy between the state and industrial interventions? How can international development. This article does not focus on pressure to remove such protection be the theoretical study of specific issues handled? To protect vested interests, related to developing countries, but manufacturers might use non-financial analyzes how different historical systems resources to raise barriers to entry, thus result in different strategic choices and weakening their own market developmental effects by integrating competitiveness, which lead to poor results international and domestic political and in the long term. All of these issues are economic factors ( Abbott, 2003). Although important for studies of economic policies industrial development in developing adopted in developing countries (Wan-Wen countries relies on government Chu, 2001: 67). intervention, the economic and political Differing from the diverse studies of background of each country affects their East Asian countries such as Taiwan, Japan, selection of specific strategies: namely, the and South Korea, on official organization strategic choice between the “independent and industry development, relevant issues development” of Malaysia and the between the state and industrial policies in “dependent development” of Thailand; Southeast Asian countries are seldom then the “politicality” of the automotive focused. This study discusses the policies industry in Malaysia intervened with the for the automotive industry in Malaysia and “follow-the-market” policy. The results of Thailand because both of these developing “strategic selection” and “political countries have been eager to upgrade their intervention” are the two main reasons this domestic industrial base by developing the article concludes that the development of Journal of ASEAN Studies 57 the automotive industry in Malaysia has developing countries, particularly East been inferior to that in Thailand. Asian countries, should ascribe to governments remaining neutral, and they also criticize the World Bank report for Theoretical Study: The state, industrial neglecting the importance of the state in development, and automotive industry industrial development. policies. These scholars offer an extremely different explanation from neoclassical The State and Industrial Development economics (Jomo, 1994): 461-508). For Scholars typically discuss the example, Johnson introduced a concept of developmental patterns of a national “developing-type country” for Japanese industry from two perspectives. Under a industrial research in 1982, which stated good economic environment, scholars that industrialization in the so-called New following neo-classical economics believe Nations is related to the great promotion of that industry grows spontaneously with a economic development by the state comparative advantage. In their view, (Johnson, 1982; Shumpei Kumon and Henry competition should be free and open at the Rosovsky, 1972: 109-141). Taking South start of an industry to allow private Korea as an example, Hasan claimed that its investors to allot resources based on successful economy was based on economic rationality because this is best government intervention. Hasan also stated, able to raise competitiveness (Balassa, 1988: “The economy in South Korea relies on the 27-57; Bhagwati, 1988: 27-57). Scholars of operation of private enterprises that are in liberalism accept this view (Kruegert, 1993). fact directed by the central government. The The East Asian Miracle: Economic Growth and state not only establishes policies and rules, Public Policy, published in 1993 by the but also dominates the economy by World Bank, is a typical work from this controlling market mechanisms, and thus school (Stiglitz and Shahid, 1994). Its main has a critical impact on all entrepreneurial conclusion was that giving up market price decisions (Hasan, 1976). control is essential when hoping to develop Those scholars who support industrial competitiveness in transforming “Developmental State Theory” think that agriculture in developing countries. industrial development in developing However, scholars from the school of countries relies on intervention and development economics have raised protection from the state. This authorizes numerous doubts of the neoclassical the government to control the production, approach (Fishlow, 1994; Lindauder, 1994: allotment, and price of goods to reach the 12). Some make a case for the so-called best arrangement of resources (Kuckiki, “Dependency Theory,” which proposes that 2007: 3-6). They believe that despite international factors, particularly the liberalism aiding industrialization, the lack political and economic power from of a market mechanism might lead to an hegemonic countries, such as the United environment that increases the risk to States, play an active economic role in industry and adversely influence developing countries. This type of production. With insufficient private development is known as “invited investment and limited resources, selective development.” Other scholars state that government intervention becomes economic progress is not mainly caused by necessary for rapid
Load more

Recommended publications
  • Malaysia Autobook 2019 Previewc
    AUTOMOTIVE INTELLIGENCE FOR PROFESSIONALS Malaysia AutoBook 2019 PREVIEWc Malaysia AutoBook 2019 WELCOME! Malaysia is one of the Automotive Top Player Focus on contacts of ASEAN – a market comprising some 625 Million people and significant potential for This update introduces new quick links to access web sites, Google growth. Maps locations and social media sites of the featured companies and their representatives. Simply click on the following icons to connect: Outsourcing, localization and business development The information was compiled from personal I am sure this book will give you lots of information and inspire you to research, the internet and with support of friends do business in Malaysia. at automotive companies, automotive organizations, industrial estates and business associates and is designed to support: To your success! 1) Outsourcing – local and international commodity managers, buyers who are looking to source automotive components from Malaysia Ulrich Kaiser 2) Localization – international managers desiring to expand their market and set up a footprint in China – either for distribution or local production. 3) Business Development - managers who seek to identify potential customers and sales opportunities in China’s automotive industry ii Chapter 1 Introduction Section 1 Introduction AT A GLANCE Automotive History Malaysia 1. Ford was the first automotive firm present The first automotive firm in Malaysia was Gadelius & Company that represented Ford in Malaysia, represented by Gadelius & Motor Company sales in Malaysia in 1909. The company was relater replaced with an company. Australian representative called Wearne & Co., that signed a contract for 60 vehicles per year. In 1941, Ford Malaysia set up its first assembly plant in Bukit Timah, Singapore to 2.
    [Show full text]
  • Estudios De Mercado El Mercado De Los Automóvi- Les En Malasia
    Oficina Económica y Comercial de la Embajada de España en Malasia El mercado de los Automóvi- les en Malasia 1 Estudios de Mercado El mercado de los Automóvi- les en Malasia Este estudio ha sido realizado por Joaquín Monreal bajo la supervisión de la Oficina Económica y Co- 2 Estudios de Mercado mercial de la Embajada de España en Kuala Lumpur Agosto de 2006 EL MERCADO DE LOS AUTOMOVILES EN MALASIA ÍNDICE RESUMEN Y PRINCIPALES CONCLUSIONES 4 I. INTRODUCCIÓN 5 1. Definición y características del sector y subsectores relacionados 5 2. Situación del sector en españa 8 II. ANÁLISIS DE LA OFERTA 10 1. Análisis cuantitativo 10 1.1. Tamaño de la oferta 10 2. Análisis cualitativo 12 2.1. Producción 12 2.2. Precios 14 2.3. Importaciones 16 2.4. Obstáculos comerciales: La NAP 29 2.5. El sistema de permisos para la matriculación 30 III. ANÁLISIS DEL COMERCIO 31 1. Canales de distribución 31 IV. ANÁLISIS DE LA DEMANDA 33 1. Evaluación del volumen de la demanda 33 1.1. Coyuntura económica. 33 1.2. Infraestucturas 34 1.3. Tendencias del consumo y situación del mercado nacional 34 1.4. Tendencias industriales 39 2. Estructura del mercado 39 3. Percepción del producto español 39 V. ANEXOS 41 1. Ensambladores de automóviles 41 2. Distribuidores y concesionarios 46 3. Informes de ferias 56 Oficina Económica y Comercial de la Embajada de España en Kuala Lumpur 3 EL MERCADO DE LOS AUTOMOVILES EN MALASIA RESUMEN Y PRINCIPALES CONCLUSIONES La industria de la automoción en Malasia es junto con la electrónica la industria más impor- tante en el sector manufacturero de Malasia, y de los más importantes dentro del Sudeste Asiático.
    [Show full text]
  • Lee, Woo Cheol (2015) the Political Economy of Vietnam : the Evolution of State- Business Relationships
    Lee, Woo Cheol (2015) The political economy of Vietnam : the evolution of state- business relationships. PhD Thesis. SOAS, University of London http://eprints.soas.ac.uk/23662 Copyright © and Moral Rights for this thesis are retained by the author and/or other copyright owners. A copy can be downloaded for personal non‐commercial research or study, without prior permission or charge. This thesis cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder/s. The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders. When referring to this thesis, full bibliographic details including the author, title, awarding institution and date of the thesis must be given e.g. AUTHOR (year of submission) "Full thesis title", name of the School or Department, PhD Thesis, pagination. The Political Economy of Vietnam: The Evolution of State-Business Relationships Woo Cheol Lee Thesis submitted for the degree of PhD in Economics 2015 Department of Economics School of Oriental and African Studies University of London 1 Declaration for SOAS PhD thesis I have read and understood regulation 17.9 of the Regulations for students of the School of Oriental and African Studies concerning plagiarism. I undertake that all the material presented for examination is my own work and has not been written for me, in whole or in part, by any other person. I also undertake that any quotation or paraphrase from the published or unpublished work of another person has been duly acknowledged in the work which I present for examination.
    [Show full text]
  • DRB-HICOM, GEELY, REACH ACCORD Heads of Agreement Signed; Definitive Agreement by Mid- July
    MEDIA RELEASE IMMEDIATE RELEASE DRB-HICOM, GEELY, REACH ACCORD Heads of agreement signed; Definitive Agreement by mid- July PUTRAJAYA, 24 May 2017: DRB-HICOM Berhad (DRB-HICOM) has reached an agreement with China-based Zhejiang Geely Holding Group Co., Ltd (Geely Holding) for the Chinese car group to acquire 49.9% equity in PROTON Holdings Berhad. DRB-HICOM currently owns 100% of the manufacturer of the first national car. The two parties signed the agreement in Putrajaya today, witnessed by YB Datuk Seri Johari Abdul Ghani, the Minister of Finance II. The deal will enable PROTON to tap into Geely Holding’s vast range of platforms and powertrains, and will also enable PROTON to have access to existing markets of the Chinese carmaker, as well as right-hand drive markets in south-east Asia. DRB-HICOM Group Managing Director, Dato’ Sri Syed Faisal Albar says the PROTON brand will remain present and will grow significantly with the new foreign strategic partner on board. “Our intention was always to ensure the revitalization of the PROTON nameplate. It was Malaysia’s first national car brand and has more than 30 years of history. This deal will be the catalyst to elevate a brand that Malaysians resonate with,” said Syed Faisal. Geely Holding Group Executive Vice President and CFO Mr. Daniel Donghui Li commented, “With PROTON and Lotus joining the Geely Group portfolio of brands we strengthen our global foot print and develop a beachhead in South East Asia. Geely Holding is full of confidence for the future of PROTON, we will fully respect the brands history and culture to restore PROTON to its former glory with the support of Geely’s innovative technology and management resources.
    [Show full text]
  • Chapter 1 Introduction
    The development of a hybrid knowledge-based Collaborative Lean Manufacturing Management (CLMM) system for an automotive manufacturing environment: The development of a hybrid Knowledge-Based (KB)/ Analytic Hierarchy Process (AHP)/ Gauging Absences of Pre-Requisites (GAP) Approach to the design of a Collaborative Lean Manufacturing Management (CLMM) system for an automotive manufacturing environment. Item Type Thesis Authors Moud Nawawi, Mohd Kamal Rights <a rel="license" href="http://creativecommons.org/licenses/ by-nc-nd/3.0/"><img alt="Creative Commons License" style="border-width:0" src="http://i.creativecommons.org/l/by- nc-nd/3.0/88x31.png" /></a><br />The University of Bradford theses are licenced under a <a rel="license" href="http:// creativecommons.org/licenses/by-nc-nd/3.0/">Creative Commons Licence</a>. Download date 03/10/2021 11:56:12 Link to Item http://hdl.handle.net/10454/3353 CHAPTER 1 INTRODUCTION 1.0 Introduction Lean Manufacturing Management (LMM) is a management system that contains only required resources and materials, manufactures only required quantity of quality products on time that meet customers’ demands. The idea behind LMM is Manufacturing Planning and Control (MPC) system of the materials and information flow which involve both Manufacturing Resources Planning (MRP II), and Just-in-Time (JIT) techniques. In addition, Total Quality Management (TQM) is integrated to ensure the quality of the processes and products of the system. The capabilities of continuously improving the processes by identifying and eliminating manufacturing wastes are essential for effectiveness of LMM. The main benefit of effective LMM is high ratio of quality to cost of the products manufactured which finally contribute to high profitable organisation.
    [Show full text]
  • Global Trends and Malaysia's Automotive Sector
    2021-3 Global Trends and Malaysia’s Automotive Sector: Ambitions vs. Reality Tham Siew Yean ISEAS - Yusof Ishak Institute Email: [email protected] March 2021 Abstract The paper seeks to examine the development of the Malaysian automotive sector in the midst of rapid global changes in technology, consumer preferences and sustainability concerns. The sector represents a case of infant industry protection which includes, among its objectives, the state’s aspiration to nurture Bumiputera entrepreneurs as national champions for the sector. Despite close to three decades of protection, the two national car projects continue to depend on foreign partners for technology support. The National Automotive Policies (NAPs) strive to push the sector towards the technology frontier with foreign and domestic investments while seeking to be a regional hub and grooming national Bumiputera champions. The inherent conflicts in these objectives create disincentives for investments while the domestic market is held captive to the national car producers. Although policies continue to espouse grand visions, the reality is that Malaysia’s car makers continue to be inward-looking and exporting remains insignificant. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- JEL Classification: O14, O25 Keywords: Automotive Sector, Industrial Policy Global Trends and Malaysia’s Automotive Sector: Ambitions vs. Reality Tham Siew Yean 1. Introduction The use of state intervention for development has been espoused in theory and practice in many countries. The World Bank (1993) study on the East Asian miracle economies is often attributed to illustrate the success of state intervention in industrial policy. However, the study itself cautions that the use of industrial policy needs to be supported with good fundamental policies, evaluation and monitoring of the support given.
    [Show full text]
  • FIXED INCOME RESEARCH Malaysian Auto Component
    14 December 2005 FIXED INCOME RESEARCH Sector Update Malaysian Auto Component Manufacturers Contact: Summary For enquiries pertaining to this report, please Rapid growth in the nation’s automotive industry has created a network for components contact analyst at and parts. The auto parts industry consists of original equipment manufacturers (OEM) (603) 2074 6303 or and replacement equipment manufacturers (REM). OEMs produce auto parts tailored to wan-nazri specifications set by car manufacturers while the REMs make parts for end users. At the @ambg.com.my time of writing, there are some 350 REMs producing up to 3,000 component parts with Fixed Income Desk 70% of these manufacturers supplying to the OEMs. (603) 2078 2077 This article discusses the business and operational challenges currently affecting the Head of Fixed Income and Treasury Malaysian auto components industry and how the four rated major auto component Derivatives manufacturers: Ingress Corporation Bhd (A+), EP Manufacturing Bhd (A), Tracoma Tan Eng Kiang Holdings Bhd (A-), and Ace Polymer Sdn Bhd (A) have weathered the challenges. Traders Lam Kam Wah The report goes on to show that, apart from Ingress, all the other rated auto parts makers Vincent Chong have been slow in venturing overseas due to the bond with the Japanese OEMs that Chan Wai Mei provided Proton and Perodua vendors the technical expertise. In return for the Azmi Salleh technology transfer, these vendors were prohibited from overseas ventures unless Sales and Distribution permitted by or at the discretion of the Japanese partners. At the same time, the smaller Tan Tiea Hong auto parts makers have limited funds, and their growth is constrained by lack of technical Syed Badli Syed Baijuri capabilities and over-reliance on sales to Proton and Perodua.
    [Show full text]
  • Joint Media Statement by Drb-Hicom and Zhejiang Geely Holding Group
    MEDIA RELEASE IMMEDIATE ISSUANCE JOINT MEDIA STATEMENT BY DRB-HICOM AND ZHEJIANG GEELY HOLDING GROUP DRB-HICOM, Geely Holding names nominees to PROTON Group boards Dr. Li Chunrong, appointed CEO of PONSB, leads executive team of global experts Full revitalisation of PROTON Group underway 29 September, 2017, Shah Alam: Exactly one hundred days after the signing of the Definitive Agreement between DRB-HICOM Berhad (DRB-HICOM) and Zhejiang Geely Holding Group (Geely Holding) on 23 June, the two companies have confirmed the new board structures and part of the executive team for PROTON Holdings Berhad and its related companies (PROTON Group). Company Structure At the PROTON Holdings Berhad (PHB) level, Dato’ Sri Syed Faisal Albar remains as the Chairman, and he is joined on the board by Shaharul Farez Hassan and Amalanathan Thomas as nominees from DRB-HICOM. Farez and Nathan are both part of the senior management team at DRB-HICOM. Geely Holding has nominated Daniel Donghui Li and Feng Qing Feng as their nominees to the PHB board. Daniel Donghui Li is the current Executive Vice President and CFO of Geely Holding, while Feng is the Group Vice President and CTO of Hong Kong-listed Geely Auto. All five nominees also sit on the Perusahaan Otomobil Nasional Sdn Bhd (PONSB) board, along with Dr. Nathan Yu Ning, who is the Vice President of International Business at Geely Holding. Winfried Vahland, who was formerly the Chairman and Chief Executive Officer of Skoda Auto, is also on the board of PONSB. Syed Faisal, Farez, Nathan, Daniel Donghui Li and Dr.
    [Show full text]
  • Results Briefing
    FY2017 Second-Quarter Financial Results Tan Chong Motor Holdings Berhad Cautionary Statement with Respect to Forward-Looking Statements Information contained in this presentation is intended solely for your reference. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. We do not make representation regarding, and assumes no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Statements or comments made during this presentation that are not historical facts are forward-looking statements that reflect our plans and expectations. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to differ materially from that anticipated in these statements. These factors include (i) changes in economic conditions, currency exchange rates, the laws, regulations, government policies, or political instability in the market place, (ii) circumstances relating to our ability to introduce, in a timely manner, and achieve market acceptance of new products, and (iii) shortage of fuel or interruptions in transportation systems, labor strikes, work stoppages, or other interruptions to or difficulties in the employment of labor in the major markets where we purchase materials, components, and supplies for the production of our products or where our products are produced, distributed,
    [Show full text]
  • Proton Success Story
    MSC.Software: User Case Study - Proton USER CASE STUDY PROTON Customer Profile: Noor Hisham Bin Ismail Mr Noor Hisham Bin Ismail is head of CAE at PROTON based in Kuala Lumpur, Malaysia. Mr Ismail and other members of the computer-aided engineering team are responsible for improving the virtual development of mechanical and structural components, sub systems and complete vehicle system at PROTON. Through Mr Ismail’s innovative process of probabilistic analysis, PROTON has been able to effectively identify areas of high-risk failure and fine-tuning engineering design alternatives. Challenge Mr Ismail’s foundation of probabilistic design methodology uses design In developing complex mechanical and structural automotive criteria based on reliability targets instead of deterministic criteria. components, going through multiple build-and-test hardware prototype First, design parameters such as applied loads, material strength, and cycles to verify performance, stress and fatigue life is just too time- operational parameters are researched and/or measured and then consuming and expensive. This issue can be addressed by evaluating statistically defined. A probabilistic analysis model is then developed for and refining designs with analysis tools up front in development, reducing the entire system and solutions performed to yield failure probabilities. test cycles later in the development process. PROTON’s pioneering spirit With MSC’s FEA, applied stress is obtained from finite element models. naturally has led Mr ismail to not just stop at traditional methodologies in The general concept is to integrate the joint probability of applied stress computer-aided engineering for design analysis. As the risk of failure in and material strength over the region where stress exceeds strength.
    [Show full text]
  • Auto & Autoparts
    Malaysia Sector Update 23 October 2019 Consumer Cyclical | Auto & Autoparts Auto & Autoparts Neutral (Maintained) Notable Winners: Proton, Perodua, And Volvo Stocks Covered 7 Ratings (Buy/Neutral/Sell): 4 / 3 / 0 Last 12m Earnings Neutral Revision Trend: Stay NEUTRAL. Malaysian Automotive Association’s (MAA) September Top Pick Target data shows that TIV declined 12.7% MoM as consumers held back purchases DRB-HICOM (DRB MK) – BUY MYR3.3price0 in anticipation of Budget 2020 announcements. We expect TIV to recover in October. Proton, Perodua and Volvo recorded YTD growth in sales volume, bucking the broad market decline. Uncertainty over macroeconomic Analysts conditions will likely benefit brands with lower-priced cars, eg Proton and Perodua. Our Top Pick: DRB-HICOM. Muhammad Afif Bin Zulkaplly Sales held back by Budget 2020 uncertainty. According to data from the +603 9280 8883 [email protected] MAA, TIV was at 44,666 units (+43% YoY, -12.7% MoM) in September. The monthly drop was mainly due to consumers holding back purchases, and adopting a wait-and-see approach prior to Budget 2020. YTD (9M19) auto sales of 442,991 units (-2.6% YoY) are on track to meet our 2019 forecast of 600,000 units (MAA: 600,000 units), with the anticipation of year-end promotions being held to spur sales. Proton and Perodua continued to buck market trends. Proton sales YTD-2019 market share by marque continued to be fuelled by the delivery of the recently-launched facelifted YTD 2019 Proton Saga. Proton received 20,000 bookings and has delivered Others Proton 12.5% 15.8% approximately 8,000 units since the model was launched in August.
    [Show full text]
  • Pos Malaysia Lancar Setem GEN.2 (UM 22/03/2005)
    Pos Malaysia lancar PUTRAJAYA 21 Mac - GEN.2, model kereta nasional pertama menggunakan enjin CAMPRO buatan tempatan yang menjadi kebanggaan. negara kini diabadi- kan dalam setem khas terbitau Pos Malay- sia Berhad. Pelancaran setem pos khas GEN.2 yang melambangkan generasi baru kereta na- sional itu disempurnakan oleh Tun Dr. Mahathir Mohamad yang juga Penasihat Proton di Yayasan Kepimpinan Perdana di sini, hari ini. Setem kenang-kenangan keluaran ter- had ini yang boleh didapati pada harga 30 sen, 50 sen dan RMl, di samping sampul surat hari pertama yang dijual pada harga RM4 dan buku setem (RM3) jelas menda- pat sambutan hangat apabila sejak dikelu- arkan 7 Mac lalu, jualan kini mencecah RMlOO,OQO. Menteri Tenaga, Air dan Komunikasi, Datuk Seri Dr. Lim Keng Yaik dalam uca- pannya melahirkan rasa bangga kerana oleh Pos Malavsia Berhad memanarkan paian dan menggambarkan komitmen Pos Malaysia Berhad sekali lagi memasti- GEN.2, kita berharap generasi akan data- serta sumbangan syarikat kepada pemba- kan kitaran industri pembuatan kereta ng dapat diperingatkan bukan sahaja ngunan negara. Malaysia sentiasa diingati dengan meng- tentang pencapaiannya tetapi mampu “Setem khas ini bukan sekadar untuk abadikannya dalam koleksi setem yang membina keyakinan untuk bermimpi dan mempamerkan GEN.2. Imej kereta yang menarik. merealisasikannya,” kata Keng Yaik. dipaparkan pada setem merupakan per- Ini merupakan kali ketiga setem pos nyataan kepada dunia bahawa Proton be- khas melibatkan kejayaan Proton diterbit- Pencapaian nar-benar telah memasuki arena auto- kan dengan edisi pertama memaparkan Hadir sama Pengerusi Kumpulan Pro- motif global,” katanya. Proton Saga dilancarkan pada Julai 1985 ton Holdings Berhad, Datuk Mohd.
    [Show full text]