The domestic industry received a shot in the arm when the government increased the loan amount for certain cetegories of civil servants to buy cars.
The amount of government loans for several categories of civil servants has been raised by RM10,000 each.
This was part of the broad measures announced by Deputy Prim Minister yesterday to help Malaysians cope with the sluggish economy.
Civil servants in the top Management Group,or JUSA grade, can now apply for a car loan of up to RM70,000 from RM60,000 previously.
Staff in grades 41 to 54 are entitled to a maximum amount of RM65,000 up from RM55,000 previously.
Support staff, meanwhile, can now apply for a loan of up to RM55,000 from the previous RM45,000.
Proton Edar Dealers' Association president Wan Ahmad Sepwan said the incentive was timely under the current situation.
Wednesday, November 5, 2008
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