Get your cash rebates by March 31!

KUALA LUMPUR: The cash rebate system for vehicles under 2,000cc, which was implemented in June last year, will end on March 31, Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad confirmed.

He said this was because the cash rebate system had completed its one-year cycle, which was the initial plan. “March 31 is the last date. We will end it in March,” he told reporters
The campaign will last until March 1. “Whoever has yet to collect their cash rebates, please do so,” he added.

On the Government’s plans for future subsidies, and if the cash rebate system would be implemented again, Shahrir replied: “I don’t think we’ll be using this method of subsidising again, because I see that Malaysians prefer subsidised pump prices.“They seem to prefer lower pump prices rather than having money given out to them,” he said, adding that about RM5bil would have been disbursed by March.

source: The Star