00:00The Transport Ministry has clarified that a specific registration period with the Companies
00:06Commission of Malaysia is not a requirement for companies bidding to conduct motor vehicle
00:11inspections.
00:12It said priority is given to financial stability, with companies needing a minimum paid-up capital
00:18of RM10 million and a working capital of at least RM5 million a year.
00:24The Ministry's statement followed concerns raised on social media regarding the selection
00:28criteria for the three companies appointed last week to carry out vehicle inspection
00:32with Puspakom.
00:34Citing SSM records, a former PASU leader said one of the companies was only eight months
00:40old and had no public track record.
00:43The Ministry said today that the selection of the companies took into account that they
00:47were fully Malaysian-owned and complied with industry standards.
00:51It also said that all three companies, Abasan Bintang, Pakatan Petroleum and Verimang Gold,
00:57were found to have met the established criteria after being evaluated by the Motor Vehicle
01:01Inspection Services Licensing and Evaluation Committee.
01:06Dhanush Rajariza, FMT News.
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