Hot News: Malaysia will become failed third world country

Tuesday, February 9, 2016

Malaysia will become failed third world country

Malaysia News

"Assuming that all local industries are closed, few will have money to buy imported things. We will revert into being a failed third world country".

Former premier Tun Dr Mahathir Mohamad has warned that if Malaysians don't support local industries, including Proton, then Malaysia will become a failed third world country.

This, he said, will actually lead to a situation where Malaysians can no longer afford to buy imported goods.

Tun Dr Mahathir, who is Proton adviser, said buying foreign cars will only benefit foreign economies.

"Taxes on motor vehicles are what caused the prices to be high. But the government need to tax motorists because of the roads and other infrastructures that government has to provide,"

He also touted Proton's advancement over the years, saying the quality of local cars is now much better than before.

"(But) when you buy a local car, money stays in the country, workers earn money, dealers and agents and their employees enjoy the business they do and the local economy grows. Thousands of families enjoy a good life," Tun Dr Mahathir (photo) wrote in his blog today.

He pointed out how Proton is currently developing a new engine to replace the decade-old Campro. The new engine, Tun Dr Mahathir said, should be available in Proton cars by late next year. On perception that local cars cost more than they are worth, Tun Dr Mahathir said this is not the fault of manufacturers, but the government.