Cut the red tape, say cabbies on Permai initiatives

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Taxi drivers will be given a one-off RM500 cash aid and other incentives in the government’s new Permai package.PETALING JAYA: A taxi drivers’ association has welcomed the government’s Permai relief package but has voiced concern the “excessive bureaucracy” of banks and credit-lease companies could affect its implementation.Kamarudin Mohd Hussain, who heads the Gabungan Teksi SeMalaysia, said this is because taxi drivers have in the past been given a tough time with red tape.Yesterday, Prime Minister Muhyiddin Yassin announced a scheme where a 50% guarantee on financing from hire purchase and leasing companies will be provided for selected buses and taxis.This will allow bus and taxi operators to restructure their financing and enjoy a 12-month moratorium and lower monthly repayments.“We hope that with the guarantee from the government, banks and credit-leasing companies will …