We risk slipping on oil subsidy
Yeoh Guan Jin | 30 Nov 2018 00:30
Malaysians must have a love affair with cars and motorcycles. Data from the Malaysian Automotive Association (MAA) shows that as of June 30, 2017, there were more than 28 million vehicles on our roads.
For a population of just over 30 million, that makes almost one motor vehicle for every Malaysian. Of course that is not entirely the true picture.
Of the 28 million vehicles that are already plying our roads and highways today, only 17.4 million are privately owned. The rest are company-owned or public transport vehicles.
Even so, private ownership of cars or motorcycles is exceedingly high for a country where more than 80% of the population do not earn enough to pay income tax.
Data from the United Nations and the World Bank puts Malaysia in the top 50 in car ownership. At 44th place, we are ahead of Brunei, and way ahead of our neighbours Thailand at 104th place and Indonesia at 119th place, according to a report on carlist.my.
Download and read more in the latest issue of Focus Malaysia here: