[h=1]LUI TUCK YEW: WE WILL BE MATCHING MALAYSIA’S VEP “IN SOME FORM”[/h]
Post date:
20 Jan 2015 - 9:44am
Responding to a question in parliament about the recently announced Vehicle Entry Permit in Malaysia, Transport Minister Lui Tuck Yew said that they are looking to implement a similar policy in the near future.
Mr Lui explained that Malaysia’s VEP is basically an entry levy which is a toll on foreign-registered vehicles and it was implemented to generate revenue.
He noted that Singapore has a long standing policy of matching Malaysia’s tolls and since this VEP could be considered a toll, Singapore would consider matching it “in some form”.
At the moment, the details of the VEP are not yet fully confirmed as Malaysia is still deciding whether the entry levy will be implemented at all their land borders or only at the Singapore borders.
Singapore currently has a VEP for foreign registered vehicles which was recently adjusted upwards to reflect the increased prices of COEs which local motorists have to deal with.
Malaysia had not liked this and they had started talking about the VEP because of this increase.
However it seems that Malaysia’s reaction to our VEP increase is only going to end up in yet another increase at the land borders.
Recently, tolls at the causeway were also hiked by about 800% after Malaysia raised tolls and Singapore matched them.
Post date:
20 Jan 2015 - 9:44am
Responding to a question in parliament about the recently announced Vehicle Entry Permit in Malaysia, Transport Minister Lui Tuck Yew said that they are looking to implement a similar policy in the near future.
Mr Lui explained that Malaysia’s VEP is basically an entry levy which is a toll on foreign-registered vehicles and it was implemented to generate revenue.
He noted that Singapore has a long standing policy of matching Malaysia’s tolls and since this VEP could be considered a toll, Singapore would consider matching it “in some form”.
At the moment, the details of the VEP are not yet fully confirmed as Malaysia is still deciding whether the entry levy will be implemented at all their land borders or only at the Singapore borders.
Singapore currently has a VEP for foreign registered vehicles which was recently adjusted upwards to reflect the increased prices of COEs which local motorists have to deal with.
Malaysia had not liked this and they had started talking about the VEP because of this increase.
However it seems that Malaysia’s reaction to our VEP increase is only going to end up in yet another increase at the land borders.
Recently, tolls at the causeway were also hiked by about 800% after Malaysia raised tolls and Singapore matched them.
