Dato’ Syed Mohamad Aidid
President of MASAAM
Dato’ Syed Mohamad Aidid , a Malaysian, is an Independent Non-Executive Director of GTB and has over 40 years of vast experience in business, corporate and entrepreneurial exposures.
On behalf of MASAAM, I am glad to share my thoughts and aspirations on the direction the association is moving in pursuit of its mission and objectives in tandem with the changing economic landscape.
The year 2014 was a challenging period for the motorcycle industry as manufacturers prepared for the compliance of the UNECE regulations which came into force. The retail sales volume of motorcycles eased to 520,032 units in 2014 compared with 577,580 units in 2013. One notable factor for the decline is the postponement in purchase decision by the low and middle income group , arising from escalating cost of living and high household debt.
The year 2015 will continue to be challenging with the implementation of Goods & Services Tax(GST) in April month. I am positive the motorcycle industry will adapt fast and thrust forward with optimism with the introduction of new and innovative models to revive riding passion and buying sentiments.
MASAAM, representing all the major players in the industry, actively engage with the Government and its related bodies plus NGOs on a regular basis working effectively on implementation of standards and regulations plus pursuing major issues on technical harmornisation,road safety,intellectual property rights, among others for the betterment of the motorcycle fraternity,road users and consumers.
On this note, I offer my appreciation and gratitude to all the relevant Government Ministries and related agencies for extending their cooperation and understanding on issues and collaborations put forth by the association.
Fast changing technology,innovation and regulations will continue to dictate the pace in which the motorcycle industry moves, here members are advised to keep abreast with the changing environment by contributing actively and positively to make the industry sustainable and vibrant,in the present and in the future.
The Ministry of Domestic Trade, Cooperatives and Consumerism (KPDNKK) held a meeting at its headquarters in Putrajaya on the 10th of August ,2015 to briefed stakeholders with regards to its
Hong Leong Yamaha Motor recently concluded its 17th Balik Kampung Road Safety Campaign 2015.This event from 4th till 11th July, was jointly organised with the Malaysia Motorcycle and Scooter Dealers