80 ASIA'S TOP ACHIEVERS Jun 2016 - Page 13


Automobile Megamart Limited

With the completion of the Automobile Megamart Building, a 100 million dollars project in 2000, it is not only Asia’s No. 1 centre but also the biggest one-stop centre for car market in the region.

Vehicle Registration & Licensing (VRL) System

During the development of the new VRL system in 2002, SVTA played a pro-active role to discuss cross-agencies operational issues, including gathering feedback from our members leading to the successful launch of the VRL System in 2004

Export Processing Zone (EPZ)

EPZ was first mooted in October 2001 at a meeting with LTA and the Association in the course of finding a solution for the immediate usage of PARF and COE rebates for vehicles pending export. This scheme was subsequently approved by LTA and implemented in April 2003

Future Project

The Assoication will be organising more business opportunities and advancements for our members. With the establishment of the networking and sharing of useful business information, the Association will be able to continue in contributing significantly to the success of the nation’s economic growth.