
Govt, Proton team up to tackle road deaths and carbon emissions
KUALA LUMPUR: The government is committed to reducing road accident fatalities through the Safe Systems Approach, with carmakers like Proton playing a key role in ensuring safer vehicles on Malaysian roads, says Transport Minister Anthony Loke.
He said Proton's efforts aligned with the government's objectives under the Malaysia Road Safety Plan 2022-2030, while also supporting the country's long-term carbon reduction goals.
"A key aspect of the Safe Systems Approach is ensuring that vehicles on our roads are safer. This is where car manufacturers such as Proton play an important role in furthering the road safety agenda.
"The freedom of personal mobility must come with responsibility. The responsibility to ensure the safety of fellow road users and the duty to our families to deliver them safely to their destinations," he said when launching the Proton XChange Programme here today.
Through the programme, Loke said owners would receive an incentive of RM2,000 when they trade their old cars for new Proton models equipped with better safety features.
"I understand this incentive applies not only to Proton vehicles aged 15 years or more but also to all vehicles that are no longer repairable. This will remove unsafe cars from our roads as well as abandoned vehicles from road sides, a major concern raised by municipal councils.
"This will also help make our roads safer, as older cars that are no longer roadworthy and fail to meet modern safety standards are removed," he said.
In line with Malaysia's target to become a Net-Zero Carbon nation by 2050, Loke also praised Proton's expansion into electric mobility.
"I understand the Proton XChange Programme is also applicable for the purchase of eMAS electric vehicles, aligning with Malaysia's decarbonisation goals.
"The production, sales, and use of internal combustion engine vehicles contribute significantly to carbon emissions. The government cannot achieve its targets without the automotive industry committing to green mobility," he said.
Highlighting Proton's use of solar energy at its Tanjung Malim plant and plans to develop the Automotive High Tech Valley into a regional hub for next-generation vehicles, Loke said the national carmaker was setting a benchmark for other Original Equipment Manufacturers (OEMs).
"This is why the Transport Ministry supports the XChange Programme initiative and encourages other OEMs to follow Proton's example and look beyond chasing sales and profits to play an active role in developing our transport ecosystem," he added. – BERNAMA
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
2 hours ago
- The Star
Enproserve, KAF Investment sign IPO deal
From left: Mohd Nizam Yaakub, CEO, Enproserve Group; Azman Yusof, group managing director; Datuk Hashim Majid, independent non-executive chairman; Rohaizad Ismail, CEO, KAF Investment Bank; and Azmi Hariss Ibrahim, corporate finance director. KUALA LUMPUR: Enproserve Group Bhd has signed an underwriting agreement with KAF Investment Bank Bhd for its proposed initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia Securities Bhd. In a statement yesterday, the mechanical and civil engineering service provider for the oil and gas (O&G) and petrochemical industries said the IPO comprises a public issue of 210 million new ordinary shares and an offer for sale of 105 million existing shares. 'Of the public issue shares, 139.18 million shares will be offered to selected investors via private placement, while 52.5 million shares will be made available to the Malaysian public by way of balloting. '(Another) 18.32 million shares will be reserved for eligible directors, employees, and persons who have contributed to the company's success,' it said. Under the deal, the investment bank will underwrite a total of 70.82 million public issue shares, comprising those offered to the Malaysian public via balloting and those reserved for eligible directors, employees, and individuals who have contributed to the group's success. Enproserve group managing director Azman Yusof said the IPO is part of the company's plan to strengthen its operations in the O&G and petrochemical sectors. He said the IPO is the next step in its expansion plan, providing capital to enhance its capacity and capabilities, thereby seizing growth opportunities. 'Our business model provides fundamental resilience and is robustly insulated from crude oil price volatility and the direct impact of United States tariffs. 'The funds raised will be mostly used for procuring new machinery, equipment, and vehicles, which will fortify our capabilities to take on larger jobs amid increasing market demand,' he said. KAF Investment Bank chief executive officer Rohaizad Ismail praised Enproserve's management, noting its experience in delivering engineering services to clients in the O&G and petrochemical sectors. 'We are honoured to play an instrumental role in Enproserve's efforts to tap into the capital market to energise its future and reach greater heights,' he said. Furthermore, Enproserve said that, barring unforeseen circumstances, the group is targeting a listing in the third quarter of 2025. KAF Investment Bank is the principal adviser, sponsor, underwriter, and placement agent for the IPO exercise. — Bernama

The Star
2 hours ago
- The Star
Deleum expands ops in Indonesia
PETALING JAYA: Deleum Bhd has completed its acquisition of a 70% equity interest in PT OSA Industries Indonesia (PT OSA) for US$7mil. PT OSA is an established Indonesian company specialising in the supply, servicing, and maintenance of valves for the oil and gas (O&G) sector. In a filing with Bursa Malaysia yesterday, Deleum said the acquisition, executed via its wholly-owned subsidiary, Deleum Services Sdn Bhd, was a strategic move aligned with the group's regional expansion plan. 'The acquisition strengthens Deleum's presence in the South-East Asian O&G sector, boosting its technical capabilities in valve maintenance and extending its operational footprint in Indonesia,' it said. Deleum said that with the completion of the acquisition, it would focus on integrating PT OSA's operations and enhancing cooperation between its Malaysian and Indonesian teams to improve service efficiency, accelerate deliveries, and facilitate the exchange of technical expertise.


The Star
2 hours ago
- The Star
A1 AKK inks agreement with AmInvestment Bank
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie. KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering Of this amount, 42 million shares will be made available to the Malaysian public, while the remaining 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58.8 million new shares under the public issue will be allocated to institutional and selected investors through a private placement exercise. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Investment, Trade and Industry Ministry and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. 'The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allow it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive food and beverage landscape,' said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.