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Many Malaysians looking to bulletproof their vehicles following shooting incidents; can bulletproof the windows from $300

Many looking to bulletproof their vehicles

20130801_bulletproof_reuters

Thursday, August 1, 2013 – 09:35

The Star/Asia News Network

PETALING JAYA – Malaysians, who are known for pimping their ride, are now looking to bulletproof their vehicles. There have also been enquiries on making the windows of their houses bullet proof. A check showed that one can bulletproof the windows of a Perodua Kancil windows from around RM1,000 (S$389) but it can be more expensive for other models. A source from a German car company revealed that one of their flagship models, which is a fully bulletproof version, would cost around RM5mil. Meanwhile, STEC Laminates director James Thomas said enquiries for security protec-tion of cars have increased during the last week. “Our main market is not in Malaysia. We export our materials to 30 other countries. “Since the shooting incidents, enquiries have increased and we have received five calls in one week,” said Thomas.STEC Holdings specialises in armour resistance units, which were initially made for smash-and-grab cases but Thomas said the dense material of the unit also protects the vehicle from bullets.

“The armour reduces the velocity of the bullet and it does not penetrate the armour.

“The material is specially developed and can stand up to three to five gunshots at a time,” he said, adding that bulletproof cars in Malaysia are commonly used by corporate figures and politicians.

A Secu Glass Sdn Bhd representative claimed that people have enquired for bulletproof glass for houses and vehicles.

She also said that orders had increased after the recent spate of shooting incidents as more people are concerned for their own safety.

Bulletproof glass, which is also known as ballistic glass, is a type of strong but optically transparent material that is resistant when struck by bullets.

It is common in the market and according to Road Transport Department, there are no regulations when it comes to bulletproof vehicles and it is based on the owner’s initiative to install it on their vehicle.

Puspakom also said there are no regulations or licensing when it comes to bulletproof vehicles.

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About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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