Tag Archives: Bernama

Government drafts new policy mandating speed limiters for heavy vehicles

Bernama reports that the government is drafting a new policy, including the mandatory implementation of speed limiters for heavy vehicles, as part of efforts to strengthen road safety measures.

Transport Minister Anthony Loke stated that the policy is being thoroughly reviewed, including mechanisms to eliminate any potential loopholes when it is enforced.

“The government will not stop in its efforts to enhance road safety policies. We are committed to protecting road users, especially from the threats posed by irresponsible drivers and heavy vehicles that do not meet established safety standards,” he said in a Facebook post.

Yesterday, the nation was shocked by an accident that claimed the lives of 15 students from Sultan Idris Education University (UPSI) when a chartered bus traveling from Jertih, Terengganu to Tanjung Malim, Perak overturned after colliding with a multi-purpose vehicle (MPV) on the East-West Highway near Banding Lake, Gerik.

The tragedy also resulted in 33 others being injured, including the bus driver and conductor, as well as the driver and three passengers of the Perodua Alza MPV.

MOF denies 2026 car price hike reports

The Ministry of Finance (MOF) has asserted that there will be no increases in vehicle prices starting in 2026.

In a report by Bernama, MOF addressed the anticipated significant rise in vehicle prices beginning in 2026, following the full enforcement of the new excise tax regulation, P.U. (A) 402/2019 – Excise Tax Regulation (Determination of the Value of Locally Produced Goods for Excise Tax Purposes).

Additionally, MOF, along with the Ministry of Investment, Trade and Industry (MITI) and the automotive industry, is examining vehicle valuation methods to ensure the fair, uniform, and consistent implementation of the tax.

No final decisions have been announced at this time.

Previously, a local financial news portal cited industry sources indicating that the automotive sector has successfully secured an extension for the proposed review of excise duties for local assembled cars (CKD) until December 31 of this year.

The sources indicated that although a deferral has been granted for now, it is unlikely that any further extensions will be available after 2026, with vehicle prices expected to rise significantly starting in 2026.