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Response to Comments and Enquiries Regarding the Future of PROTON

MITI has received many comments and enquiries over the last few days regarding the future of PROTON, particularly in response to the statement made by the MITI Minister.

As mentioned by Dato’ Sri Mustapa Mohamed, the Government is currently in the process of thoroughly reviewing, from all aspects, the application made by PROTON for a soft loan.

Despite PROTON’s status as a private company, the Government cannot abdicate its responsibility to ensure the resilience of the eco-system of the domestic automotive industry.   Hence, a vital consideration in the review process is the welfare of PROTON’s 12,000 employees, as well as that of the more than 47,000 workers employed by the company’s 350 parts & components manufacturers and support & services-related vendors.  
 
It is important to underscore that the automotive industry in Malaysia remains an important and strategic industry in the manufacturing sector. In line with the aspirations outlined in the National Automotive Policy (NAP), the Government is committed to further enhance the development of this sector.   

PROTON's application for financial help from the Government will be evaluated in the context of this larger national goal. The company's longstanding position as one of the national car project will be taken into consideration, as will the real and urgent need for PROTON to implement a sustainable--even difficult--restructuring plan that can ensure its long-term economic viability.

Last Updated 2016-04-04 22:07:14 by Mangaleswari Arjunan

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