Typically, COE is a Singapore issue. Don't think Malaysia Minister should even implement such policy at all. I understand about the international travel and passport rules and that is implemented almost most of the countries. But by being not able to apply for VEP if COE cars left with 6 months of less, it is really not welcoming to Singaporeans at all. But then, being unhappy or not, too bad lor since Malaysia wants to play this way.
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