30 May '12, 4pm

Proton is the price we pay for brainless patriotism - by Koon Yew Yin

The founding of Proton National Bhd in 1983 was a big expensive mistake to begin with. Billions of ringgit from taxpayers have been lost in the process. The haemorrhage could not be stanched until only recently when Khazanah Nasional Berhad sold off its 43 percent stake in Proton to DRB-Hicom a few months ago. Malaysians have been wondering – is this finally an end to the unhappy saga of the government’s foray into the production of a so-called ‘national car’ or will the burden on taxpayers and car owners be continued in other new ways? A revisit of this white elephant project is necessary to generate a larger public discourse especially amongst taxpayers who should be more concerned as to where all the tax money they’ve been paying has gone to. One simplistic assumption which appears to have been made by the initiator of the national car project Dr Mahathir Mohamad is tha...

Full article: http://blog.limkitsiang.com/2012/05/30/proton-is-the-pric...

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Malaysia: Proton is the price we pay for brainl...

blog.limkitsiang.com 30 May '12, 4pm

The founding of Proton National Bhd in 1983 was a big expensive mistake to begin with. Billions of ringgit from taxpayers ...

@alwykf You want me to say it again? Ok: Proton is the price we pay for brainless patriotism

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The founding of Proton National Bhd in 1983 was a big expensive mistake to begin with. Billions of ringgit from taxpayers ...

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