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NEW UPDATES Asean Affairs  18 January  2016  






Proton to raise prices after CNY

Malaysia:NATIONAL carmaker Proton Holdings Bhd said it may have to increase its car prices after the Chinese New Year in February with the rising costs of imported parts due to the depreciating ringgit. “The ringgit level now is lower as compared with a year ago, which has affected our imported parts prices,” Chief Executive Officer Datuk Harith Abdullah said after a ceremony marking the appointment of new dealers.

Harith said Proton is trying its best to hold back the increase until CNY to enable its customers to enjoy a brand new car at current prices. According to Proton, 20 to 30 per cent of the parts in its vehicles are imported.

Proton Chairman Tun Dr Mahathir Mohamad said with the weakening of the ringgit, the national carmaker has had to pay more for imported parts and services required in manufacturing its cars.

“It’s not going to be just Proton, all other companies will have to face the fact that they have to pay more for imported parts, especially those who are just probably assembling (the cars) in Malaysia,” he said.

He said price increase is “something that people would expect”.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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