QUOTE(LiLFreaK @ Sep 17 2010, 03:58 PM)
mind you he is not like other AP kings who sell the papers for quick profit...
he used his AP to import and resale cars, that take efforts to set up auto shop, hire salesman etc
also he started from bottom , he used to buy AP from oversea students at rm1k-rm2k each and open small 2nd hand shop somewhere in KL
he is an entrepreneur that strive to work hard and make use of the NEP sytem to help bumi entrepreneur such as himself , not like other AP kings abuse system to make money
QUOTE(Kazuhito @ Sep 17 2010, 04:14 PM)
u know him (Naza) b4 he become successful?...
just want to hear from you about his life before he got an empire...cmon, blue tag sure got something to show...
QUOTE
In 1974, when he was 19, he had RM80,000 in his bank account which he saved from his remunerations from helping out his contractor father . He started his automobile business with an allocation of Approved Permits (APs) to import foreign cars. APs are government-issued permits to import cars for bumiputras. He made his first million in about a year.
he saves his wang saku. rich contractor dad
QUOTE
With the RM80,000 he bought 20 APs and then flew to Japan. He spent three months there and brought in his first 20 units of used Japanese cars, which he sold in three month
he bought AP. where can i buy one? i need one too to import an STi from Japan at only RM60k
actually, i need 100. buy 100 cars at 50k and sell at 100k to my car dealer frens and networks. instant 50,000,000 profit. pakcik nasim pun kalah. and i still do the buying, selling, settign up shop and pay staff, epf, socso, bla bla bla. QUOTE
Nasimuddin was implicated in the AP controversy of 2005, when he was dubbed the "AP King". It was claimed that he and three other prominent businessmen were monopolising the issuance of Approved Permits (APs). APs are government-issued permits to import cars for bumiputras. The practice of APs helped shift dominance of the car import industry from the ethnic Chinese to the Malays. Former Prime Minister Tun Dr Mahathir Mohamad described Nasimuddin as an example of the New Economic Policy's (NEP) success, Bernama reported.
for the last quote, nasimuddin is the very successful example of *koff* *koff*
*cro* *koff* *koff*
*nism* *koff* *koff*
wikipedia ada. newspaper ada. i'm no fan of history. tl;dr
time to take my cough meds again
This post has been edited by lucifah: Sep 17 2010, 08:23 PM 
Marion Kecewa Disindir SM Faisal, Spicy satire 
Sep 17 2010, 02:10 PM, updated 16y ago
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