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Showing posts with label peda. Show all posts
Showing posts with label peda. Show all posts

MEMORANDUM OF UNDERTANDING SIGNING CEREMONY - STRATEGIC COLLABORATION

Bangi, 1 August 2012. I was invited to represent the automotive industry at the exchange of Memorandum of Understanding between the Government of Malaysia and various players from the automotive sector. With the exchange of MOU, the industry had also issued an offer to almost all the graduates and future graduates of those automotive students from Community College. The event was graced by the Secretary General, Ministry of Higher Education Yg Bhg Datuk Ab Rahim Bin Md Noor.
   
The function that was held at the Equatorial Hotel, Bangi was co-hosted by the Department of Community College and University Malaysia Pahang and attended by approximately 1,000 guests. The Department of Community College was also recently tasked to provide highly skilled manpower to 5 corridors namely, IRDA Economic Development, NCER, ECER, SDC and SCORE to spur related industrial development in line with the Government Transformation Plan.

After the welcoming speech by Professor Dato' Dr Daing Nasir bin Ibrahim, Vice Chancellor University Malaysia Pahang, I was asked to address the audience as a representative from the industry. Below was the text prepared just in the nick of time..

Bismillah hirahmanir rahim
 Y. Bhg. Datuk Ab. Rahim Bin Md. Noor
Ketua Setiausaha, Kementerian Pengajian Tinggi


FINAL WORDS OF WISDOM FROM DATO SRI SYED ZAINAL ABIDIN TO ALL CITIZENS OF PROTON


Well what can I say? The time has come to be separated from Dato Sri Syed Zainal. The following final words from him was translated from "Pesanan & Amanat Terakhir Dato Seri Syed Zainal", a humble man with a strong passion. During his tenure, Dato Sri whom always referred me as bro and preferred me to refer him also as Bro too never failed to aspire every individuals whenever he speak! He would hypnotized every members of the audience with his passion. His farewell speech was in Malay and I could not help but to translate it to English (dont laugh) to share his final words of wisdom with my readers. Of course, the translation would have been far better if Dato Sri were to translate it himself but nonetheless.....

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Good day, Salam 1 Malaysia and Peace be upon all citizens of Proton that I cherished. I hope this writing meets all of you in good health, joy and aspiration in carrying out our daily tasks. As all have known, I have given up my position as the Group Managing Director of PROTON effective on the 4th July, 2012. Taking into account the balance of my leave that I need to utilize, today which is Thursday 31 May 2012 will be my last day with PROTON. 

My dear brothers and sisters, 

It was very heavy for me to write this letter as a closure to more than six (6) years of my service in PROTON. I spent days staring at a blank computer screen as it appear, there are no words that can translate what I am truely deeply feeling in my heart. How could I leave something that has such a deep and meaningful impact in my life? How may I shake the hands and say goodbye to people whom I have regarded to be a member of my own family? There is no vocabulary that can express and extend my gratitude to everyone that has worked so hard in helping me performing my duty for so long. I have nothing to offer and I cannot afford to repay all the sacrifices, hard work and time that was devoted by all parties in your effort to realize the dream of PROTON without any remorse. 

DATO SRI SYED ZAINAL ABIDIN, PROTON MANAGING DIRECTOR (RETIRED)

When Dato Sri Syed Zainal first came into PROTON on 1st January 2006 taking over the  hot post from Joint-MD Dato Kisai Rahmat and Dato Kamaruzaman Darus, he called upon PEDA and the dealers to support him against 45,000 unsold stocks, the worst level of stock holding in the history of PROTON. Dato Sri Syed Zainal too inherited the burden to consolidate more than 400 over-congested showrooms in the sales network and took over when PROTON lost its no 1 position as Malaysia best selling cars.

In contrast to all previous Proton Managing Directors that would dictate on policies for PEDA and the dealers to swallow, when Dato Sri Syed Zainal was first appointed, he called and met PEDA to asked for market feedback and inquired on the network's problem. There were no PROTON EDAR Chief Executive Officer then, for more than a year. The communication was a direct channel between Dato Sri Syed Zainal and PEDA. Most of the public outcry and the dealer's issues pertaining to the low quality of cars were addressed, slowly resolved and mitigated. At this juncture, Dato Sri Syed Zainal even answered to various complain in Cyberspace and internet himself as the Managing Director. He personally attended to all the complains and directly commented on various blogosphere and cyberspace. He was also the first PROTON Managing Director that extended the manufacturer's warranty for all cars to a good 5 years (from previously only 2 years).

CAMWHORING AT PROTON CONVENTION WITH PAPARAZZI NOOR AFFENDI MOHD KARIM

Front Right: Ahmad Suhaimi Anuar (CEO/PESB), Hisham Othman (CEO/EON), Dato Sri Syed Zainal Abidin (GMD/PROTON), Armin Baniaz Pahamin (President/PEDA),  Abdul Rashid Musa (DRB-Hicom/PROTON)
Photos were compliment from Noor Affendi Mohd Karim.

If there was one community that was close enough to be called a family, then it must be the Proton Edar community!! When I was first born into the community via my appointment as a dealer in 1997, Proton Edar had less than 200 staff and the dealers operation department was only a two-man show managing 86 showroom and less than 100 service centres in the network. We were the number 1 biggest manufacturer and Perodua was second. Now.. Proton Edar employs more than 2,000  manpower with approximately more than 220 showroom and more than 200 service centres nationwide. The total direct employment in PROTON exceeded 12,000 employees and combined with DRB-Hicom's total workforce of 55,000 people, there are now 67,000 employment in DRB-Hicom eco-system.

Forget the 67,000 people, Proton Edar family has grown so big, that I even felt a stranger whenever I entered the Centre of Excellence complex in Subang Jaya. Once, I used to be able to walk into the building and recognise by name every single employee including the tea lady. The Proton Sales and Service Convention was one avenue that is important to foster the spirit of camaraderie within the community. As in every other years, all sales & service branches and dealers, those in regional offices nationwide as well as those attached at the Head Office were all united at the Glenmarie Ballroon, Holiday Inn, Kuala Lumpur. Click HERE for the first Blog on the Convention, this second blog is mostly picturesque blog. Again, thank you Noor Affendi Mohd Karim for the pictures (Click on picture to enlarge).

PROTON EDAR DEALERS CONVENTION 2012: HABIH RHENG


Francis Ong Wee Mun, Head of ROMS, Lee Lick Sai (VP/PEDA), Kamsani Ahmad (Group Marketing), Hisham Othman (CEO/EON), Kamarul Zaman (DRB-Hicom/PROTON), Armin Baniaz Pahmin (President/PEDA), Ahmad Suhaimi (CEO/PESB), Abdul Sidik Hamid (GM/PESB), Abu Lais Walli Mohamed

HOLIDAY INN, Glenmarie 19 May 2012. Contrary to previous convention which was either held at the Sunway Resort, Kuala Lumpur Convention Centre, One World Hotel or those of similar sizes, this year the dealers convention was held at a smaller grand ballroom at the Holiday Inn, Glenmarie making full use of assets under DRB-HICOM stable of companies.

That was not the only noticeable changes within the PROTON eco-system but the DRB-Hicom DNA was seen significantly visible at every corner. For a start, PROTON EDAR senior management was in the same uniform with a homogeneous neck tie... a prominent culture within DRB-Hicom (see Dato Sri Kamil and his management team's neck ties at HERE and see PESB at 2010 Convention and 2011 Convention). This is expected and more changes will be seen now that PROTON Group is a wholly owned subsidiary of DRB-HICOM. Yes, PROTON was successfully recently de-listed from the Kuala Lumpur Stock Exchange.

The function began with Dato Sri Syed Zainal Abidin in his usual humble but very inspiring self, extended his gratefulness to the whole network for the support extended to PROTON and apologized for some policies and deliverables that was slow in execution. Dato Sri Syed Zainal, whom is probably the only automotive Manufacturer in the world that shook the hand of all his 4,500 sales advisors nationwide in a gathering earlier this year said, his only passion was to make PROTON as the number 1 people's choice and Malaysia's best selling vehicle. However, he continued in a frustrated voice, "a Kelantanese would say 'Habih Rheng' doh!!" That sentence has many meaning but let us not speculate. Dato Sri Syed Zainal's most important message is for the owners of the dealer to take charge of his dealership and make changes. There is only so much that he can do but as an owner and the no 1 in the dealership's organisation, we can do much more.

PEDA FIRST ENGAGEMENT WITH DRB-HICOM GROUP MANAGING DIRECTOR DATO SRI MOHD KHAMIL JAMIL

Barely 2 weeks after DRB-HICOM obtained its shareholders's approval for the mandatory general offer to acquire all of PROTON shares, Dato Sri Mohd Khamil Jamil called to meet PEDA and others from PROTON eco-system. Dato Sri Khamil had also met Proton Vendors Association and is scheduled to meet Proton workers union too. As the President for the PROTON Edar Dealers Association Malaysia, I led my senior executive committee that was comprised of Armin Baniaz Datuk Pahamin (President), Dato Nik Izani Dato Nik Ibrahim (Deputy President), Lee Lick Sai (Vice President), S.B. Siaw (Vice President), Malkeet Singh (Secretary-General), Dato Yahya Jaafar (Hon. Treasurer), Mohd Nor Azam (Asst. Secretary-General) and Tuan Haji Aref Borhan ( Chairman, Service Sub-Committee). Dato Sri Mohd Khamil Jamil was accompanied by DRB-HICOM Group Chief Operation Officer Dato Lukman Ibrahim, Abdul Harith Abdullah (Head, Automotive & Defence);
Abdul Rashid Musa (General Manager, Group COO’s Office), Kamarul Zaman (General Manager, Group COO’s Office), Sulaiman Yahya (Head, Corporate Communications) and Balqesh Abdullah (Manager, Corporate Communications).

PEDA Vice-President Siaw Siew Bee with Abdul Rashid Musa
PEDA Secretary-General Malkeet Singh with Abdul Rashid Musa

BANK NEGARA GUIDELINE: PEDA PRESS RELEASE



BANK NEGARA GUIDELINES ON RESPONSIBLE FINANCE- THE IMPACT

On 18 November 2011, Bank Negara Malaysia issued a guideline (BNM/RH/GL 000-5 Guidelines on Responsible Finance) to financial institutions aimed at promoting prudent, responsible and transparent retail financing practices. The guideline that  took effect on 1 January 2012 are applicable and was issued pursuant to six (6) Statutory Acts  namely, Section 126 of the Banking and Financial Institutions Act (BAFIA) 1989; Section 53A of the Islamic Banking Act 1983, Section 201 of the Insurance Act 1996, Section 69 of the Takaful Act 1984, Section 126 of the Development Financial Institutions Act 2002; and Section 70 of the Payment Systems Act 2003.

1. The guidelines that covers all form of financing from car loan to overdraft and even credit cards will give rise to loan shark and create unproductive population. When the Banks are more stringent, it provides a better opportunity for loan shark to grow. The Guidelines provide them with a bigger population and opportunity. The loan shark industry was already at its prime even before the guideline was introduced.

2. The demographic for PROTON car buyer represents the majority of Malaysia populations with low salary but earns from multiple source of income. The commitment to pay the monthly fix housing mortgage and vehicle loan repayment is in itself a drive for many to work harder to secure their employment and be promoted which in turn enhances overall productivity.

3. The income of more than 4,500 sales advisors employed by PROTON Dealers network were badly injured when the Sales Advisors were not able to earn commission from sales when their customer’s loan application were either rejected or refused for loan processing in compliance to the BNM guidelines.

4.  The guideline had severely damaged our sales with only 30% application for loan submission in January were approved. Although Malaysia Automotive Association reported a 25% drop in sales for January 2012, PEDA believe the actual drop was more as many from January sales were the spill-over from December when customer waited for the new year to register their cars and when customer had already obtained their loan financing was before the Guideline took effect in January 2012.

PEDA ROAD SHOW CENTRAL REGION DEALERS


DEALERS IN CRISIS! The PROTON EDAR Dealers Association Malaysia (PEDA) gathered the Central region dealers for a meeting to address current trade crisis with the implementation of Bank Negara Malaysia guideline on car loans, enforcement of Hire-Purchase Act amendments, the take-over of PROTON by DRB-Hicom and some operational issues faced by the dealers nationwide. This was the second roadshow after a successful gathering in Southern region on 1st February 2012 at HERE.

The gathering of Central Region dealers was held at the Bukit Jalil Golf and Country Resort, Langkawi Room and attended by majority. Peda committee was attended by me as the President, Dato Nik Izani Ibrahim PEDA Deputy President, Lee Lick Sai as PEDA Central Region Chairman, Siaw Siew Bee- Vice President, Datuk Yahya Jaafar Hon Treasurer & PEDA Southern Region Chairman, Malkeet Singh Secretary General, Liew Vee Lee- PEDA East-Coast Region Chairman, Wan Azmi Ahmad, Mohd Taib Jamin and Aref Borhan.


The full details of the meeting is available for PROTON EDAR Dealers at HERE but only accessible by PROTON EDAR DEALERS only. For PROTON EDAR dealers, pls email me at president@proton-dealers.com for access (if you do not have access).

PEDA: SOUTHERN 1 REGION PROTON DEALERS GATHERINGS

PROTON EDAR Dealers Association Malaysia (PEDA) made its first trip to Southern region for a healthy meeting and discussion. PEDA Committee was represented by the President Armin Baniaz Pahamin, Deputy President Dato Nik Izani, Vice President SB Siaw, Hon Treasurer Dato Yahya Jaafar, Secretary-General Malkeet Singh, Assistant Secretary-General Mohd Nor Azan, Committee member Dato Isa Indot. The meeting was help at New York Hotel, Johor Bharu.


Except for 2 dealers, the gathering was attended by all of Southern Region 1 PROTON dealers' directors and managers. Those that attended were from Datuk Yahya Jaafar (Alam Biru Sdn Bhd), Zulkifzaini Sahari (Alam Biru Sdn Bhd), Mr Wong Yong Seng (Autofin Associates (Johore) Sdn Bhd), Abu Bakar Ahmad (Edaran Sri Sutera Sdn Bhd), Mr SB Siaw (Edaran Sri Mestika Sdn Bhd), Mr Tan Seng Hin (Edaran Sri Mestika Sdn Bhd), Ms Chan Ley Hoon (Erat Sehati Sdn Bhd(, Mr Tan Seng Thong (Erat Sehati Sdn Bhd), Mr Ee Boon Keng (Kenari Bernas Sdn Bhd), En Amir Abu Bakar (Kulis Auto Sdn Bhd),  En Yahoda (Osmotrade Sdn Bhd), En Mohd Irwan Kassim (Seni Oto Edaran Sdn Bhd), Mr Leong Yi Shan (Speedway Motor Credit Sdn Bhd), Mr Leong Yi Shan (Speedway Motor Credit Sdn Bhd), Mr Kenny Ng (Speedway Motor Credit Sdn Bhd), Mr Jerry Tee Kai Ming (Temaco Auto Credit Sdn Bhd), Mr Tee Siong Guan (Temaco Auto Credit Sdn Bhd), Mr Brian Tien (Urus Usaha Sdn Bhd), Mr Alan Cheng Tim Tzen (Yoong Ming Auto Services & Parts Sdn Bhd).

PROTON IN CRISIS

After the 12th Annual General Meeting, Proton Edar Dealers Association Malaysia (PEDA) has been busy with endless meetings after meetings.. which is typical when there are crisis. Barely a month into the new year, we were faced with three major crisis.. the most important crisis is the hire-purchase loan approval rate! On a random check with 20 dealers in various region throughout the nation, the average rejection rate is almost 70% with some dealers complaining of 90% rejection. This was due to the tightening of approval by the Central Bank of Malaysia. Banks gave a clear instruction to avoid submitting any hire-purchase application for PROTON BUYER with salary less than RM1,800 per month!! Even for customer with higher than RM1,800 salary a month, their disposable income MUST be more than RM800 per month. Meaning, after deducting income tax, SOCSO, EPF, housing loan, credit card balance, any other loans re-payment, scoring given on standard of living eg petrol, toll, food.. the disposable income must be RM800 or more. As a result, 70% of PROTON buyer's HP application were rejected. Are we in crisis? yes we are!!


PROTON DEALERS PRESS RELEASE

Kuala Lumpur. "Proton Edar Dealers Association Malaysia (PEDA) extend our network's support to DRB-HICOM  and congratulate the conglomerate for winning the bid to acquire Khazanah Nasional's 42.7% stake in PROTON Holdings", said President Armin Baniaz Pahamin

The dealer's network look forward to working closer with the new owner and understand the need for PROTON to have fresh capital injection to be competitive especially nearing the liberalization of auto market. Unlike our rival, whose vehicle make and model has achieved its economics of scale in its homeland abroad before being introduced in Malaysia, PROTON's bread-winner is in our homeland Malaysia. PROTON's volume with its own-born model in Malaysia's small population could not attained a sizable economies of scale.

1. DRB_HICOM as a new owner with a stronger cashflow would enable PROTON to introduce newer models more regularly and to be more aggressive in export. PROTON current financial capability can only allow one model to be introduced annually and once introduced, the model stayed in the market longer than that of the competitor to re-gained its return on investment.

PROTON EDAR DEALERS ASSOCIATION MALAYSIA (PEDA), 12th ANNUAL GENERAL MEETING



PROTON EDAR DEALERS ASSOCIATION MALAYSIA 12th Annual General Meeting was held at the Kuala Lumpur Golf and Country Club on 6th January 2012.

Last year, PEDA's AGM was held at the One World Hotel immediately after the Dealer's convention. For details, click HERE. Most of details discussed at the 12th AGM are sensitive and confidential in nature, for PROTON dealers please log-in to www.PROTON-DEALERS.com for more information.


POST-PROTON CONVENTION 2011 DISCUSSION AT PROTON EDAR - PUTRAJAYA

There were so much to digest post-PROTON network convention 2011 but one significant difference this year, is in PROTON EDAR's focus in our Sales Advisors. In the history of Proton Edar Sdn Bhd (PESB) or formerly known as USPD, every Chief Executive Officer during every annual network convention would reprimand if not short of threatening the termination of dealers for non-performance except for this year. The message was clear. All 230 showrooms nationwide now will not be terminated.. although there is a small print that says "unless they cannot achieve the target" but the small print is less scary now with a clearer direction forward. The direction forward is in the appointment of competent Sales Advisors. The sales advisors are the actual bloodflow of the brand. With an average 3 cars-sold per sales advisor per month or a total of 4,000 sales advisors employed in the network on the backdrop of 160,000 units of PROTON car sales per year, the number of sales advisors must be reduced.. not by dealers but centrally by PROTON Edar.

(picture- left) Gathering of some of PROTON EDAR-Putrajaya sales advisors for a post-convention briefing and Q&A a day after convention.
All new appointment of Sales Advisors by either the dealers or the branches will be vetted through centrally by PROTON Edar and those that qualify will be appointed by PESB via the issuance of an Identity Number and all the Sales Advisor with any fraud or Criminal Breach of Trust (CBT) or those selling less than 5 cars a month, will be slowly phased-put from the system.

PROTON NETWORK CONVENTION 2011

15 December 2011. Two weeks before the year ended, all PROTON Edar branches and authorized sales and service dealers nationwide gathered at the Sunway Pyramid Convention Centre, Sunway Hotel Resort and Spa for the annual PROTON Network Convention 2011 and it was the first gathering attended by less than a month old PROTON Edar Chief Executive Officer Ahmad Suhaimi Mohamed Anuar.

This year's convention was a bit unusual. It was held towards the year end compared to last year where the convention was held earlier in April 2010. PROTON Edar Chief Executive Officer Ahmad Suhaimi Mohamed Anuar was the first speaker. PEDA had a good and fruitful first meeting and discussion with Suhaimi last month in November. Suhaimi was sensitive and understood the predicament of the dealers which was very important to PEDA given that the dealers network dominated almost 80% of PROTON domestic car sales. PEDA outlined a series of historical issues that requires urgent attention and Suhaimi assured those issues will be addressed in due course. During the convention, Suhaimi reiterated the need for all sales advisors to be productive and for dealers to only maintain a minimal number of Sales Advisers. Soon all Sales Advisers must be vetted and approved by PESB before any recruitment by the dealer. This is important to ensure the network employed only the committed and dedicated Sales personnel.

1ST DAY IMPLEMENTATION OF HP ACT 1967 (AMENDMENT 2010)

The past few months, PROTON EDAR DEALERS ASSOCIATION MALAYSIA (PEDA) which I am the President had been occupied attending meetings and dialogues with the Ministry of Domestic Trade, Co-operatives and Consumerism, attended various forums with lawyers that represented banks, discussed with various stake holders and have been in and out of various bank's head office for discussion in constructing a work flow process for all dealers nationwide to comply. PEDA too had the pleasure of meeting with the Association of Islamic Banking Institutions Malaysia (AIBIM) and bounced various ideas to be prepared for the first day of implementation.

I first blog on the Hire Purchase Act (1967) ("HP Act") amendments on 6 July 2010 at HERE when the bill was passed by parliament. HP Act is under the purview of the Ministry of Domestic Trade, Co-operative and Consumerism.

1.  The first action taken by PROTON EDAR dealers nationwide was to burn and throw all blank hire-purchase documents/agreements from any banks. When the new law take effect on 15 June 2011 onward, it will be an offense for any party to be in possession of a blank & incomplete hire-purchase agreement. [Paragraph 4B (2A)].

It is now an offense under the new HP Act to ask Car Buyer to sign a blank or incomplete Hire-Purchase agreement or any form(s) or document(s) related to the Hire Purchase agreement.


IMPLEMENTATION OF THE HIRE-PURCHASE ACT AMENDMENTS

NEWS RELEASE


Kuala Lumpur, 17 June 2011. "The Hire-Purchase Act amendments that was implemented on 15 June 2011 is not pragmatic and may halt the growth of the automotive industry ", said Armin Baniaz Pahamin, President, PROTON EDAR DEALERS ASSOCIATION MALAYSIA (PEDA).

OBJECTIVES & SPIRIT OF THE AMENDMENTS

1.     PEDA understand and support fully the objectives and spirit of the Hire-Purchase act amendments which we understand to achieve the followings:
(a) To protect customer from losing their booking and deposits paid to unscrupulous sales advisors and car dealers.

(b) To avoid unnecessary delay in refunding customers monies paid for booking and downpayment in the event of any cancellation of purchase or failure to secure hire-purchase loan.

(c) To avoid customer from having to pay unnecessarily for their Hire-purchase monthly loan repayment without taking possession of the car or before at least 21 days of taking possession of the car

(d) To avoid customers that cannot afford from buying the car by paying at least 10% downpayment from the car OTR

(e) to avoid customers being cheated of road-worthiness condition of the car and/or not cheated of a promised vehicle specification (including accessories)

NATIONAL CAR

2.     National automotive industry is always subjected to phantom bookings on speculation. Without any booking fees allowed to be collected at the point of booking, buyers can place a reservation at multiple outlets

3.   This bookings made at multiple outlets for 1 buyer is a waste of processing-resources and create inefficiencies. 

4.     With the implementation of the Hire-Purchase act amendments, buyer will only be required to pay booking fees after being served with the duly completed Schedule 2 (part 1 and 2). Banks will only issue Schedule 2 after the HP loan is approved. The approval for HP loan is now averaging around 3 days from the point of submission.

5.     With an average of 3 days before the actual payment for a booking fees, Customer may miss and be deprived to secure a promotion when the promotion ended before the booking fees is paid/loan approved. Booking for car is not secured until booking fees is paid.

6.     The ‘Turn-around’ time for the delivery of cars too will take an average 7 days extra from the normal practice. The expected 7 days delay in the buyer’s car delivery was due to no short-cut in complying with the documentation, availability of Bank marketing officer and for cheques/monies to be collected and deposited to Bank as the owner of the eventual car.
7.     Payment for car downpayment can only be collected by Banks or its authorized personnel. Currently, majority of Banks have not allow car dealers to collect monies on the Bank’s behalf except only AMBank.

8.     Customer too would need to pay more visits to the outlet and banks to signed documentation that can only be produce on a piece-meal basis. Example: FIRST VISIT: Customer’s visit the outlet to view the car and prepare documentation for hire-purchase loan application. SECOND VISIT: To pay booking fee, signed and be served with second schedule (part 1 & 2) upon HP –loan approval. THIRD VISIT: To pay full downpayment and signed HIRE PURCHASE Agreement. FOURTH VISIT:  take delivery of vehicle and signed Delivery Notice.
Current practice, Customer only needs to visit outlet once after paying the booking fees. 

9.     Dealers will face serious CASHFLOW problem because the booking and deposit must be first paid to the bank to equate the vehicle ‘On The Road’ price before the Bank is allowed to disbursed out to the car dealer. Dealers would be short of the booking fees/downpayment as a working capital to pay for the cars that they ordered from their principle.

10. Dealers would have to pay their Principle once they received the cars that they ordered.

11. Bank facility such as Payment Before Registration (PBR) that almost 100% of the dealers subscribed to, are also frozen and suspended since the new HP Act amendments was implemented. EON Bank was the first to suspend the facility to car dealer.

12. Used car prices will also be affected when it is costlier and more restrictive for second-hand car trader to buy and sell cars. With 70% of new car sales depends trade-in vehicles, the new car sale is also expected to be adversely affected.

With a suspended bank facility,  less working capital, more stringent requirement for hire-purchase loan approval and tougher trade-in cars to buy new vehicle, the overall national automotive growth is expected to be affected.

The implementation of the amendments that was gazetted without prior discussion with automotive stakeholders should be defer indefinitely and re-visited and reviewed by all stake-holders to ensure minimal affect on the industry's growth. PEDA and other stakeholders are aware of the objective and spirit and is ready to work with the Ministry to achieve the objective with minimal impact to the industry.



PROTON GETS A TOUCH OF CLASS

(click on picture to enlarge)

Armin Baniaz at the back taking pics with HP for this blog
The final touch has finally enshrined PROTON cars with a touch of CLASS (CENTER FOR LOGISTIC, ALLOCATION, STORAGE AND SERVICE) that was launched on 10 May 2011 by YABhg Tun Dr Mahathir Mohamad.

1.    5 years ago, when Dato Seri Syed Zainal Abidin Syed Tahir first took office as the Managing Director of PROTON, Malaysian were screaming at PROTON's inferior quality. Cars were delivered to customer with sub-standard quality, there were millions of backlog in warranty claims for defected parts and dealers working time were pre-occupied with customers complain.

Mohamad Syukor Ibrahim, PROTON Edar Chief Executive

BUNG MOKTAR WAS NAIVE, INSENSITIVE AND LACK OF UNDERSTANDING OF THE AUTOMOTIVE INDUSTRY: PEDA


PRESS RELEASE

Kuala Lumpur, “The dealers fraternity are disappointed with the remark made by BackBencher’s Club Deputy Chairman Datuk Bung Moktar Radin calling for Proton to be wound up for embarrassing the nation by producing a rebadged Mitsubishi Lanser as Proton Inspira”, said Armin Baniaz Pahamin, President PROTON EDAR DEALERS ASSOCIATION MALAYSIA.

The remark made by Bung Moktar was naïve and insensitive without a clear understanding on the automotive industry especially Proton. The introduction of Proton Inspira  is an addition into the current Proton stable of cars. The Proton Inspira created a new market for Proton to penetrate, a market that is currently being dominated by the Korean and other Japanese makes.

MEETING WITH MINISTRY OF INTERNATIONAL TRADE & INDUSTRY

17 AUGUST 2010. PROTON EDAR DEALERS ASSOCIATION MALAYSIA (PEDA) & PROTON EDAR had our regular meeting with the MINISTRY OF INTERNATIONAL TRADE & INDUSTRY (MITI) at Government Offices Complex, Jalan Duta Kuala Lumpur, today.

The meeting was attended by:

Noor Wahida Noordin, MITI Director, Sectoral Policy 1
Ahmad Kamal Mohamad MITI Assistant Director. Sectoral Policy and Industrial Services
Mohamad Syukor Ibrahim, PROTON EDAR Chief Executive Officer
Armin Baniaz Pahamin, PEDA President
Sidik Abdul Hamid, PROTON EDAR General Manager
Azwan Yahya, PROTON EDAR HOD.

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