Proton will raise prices in January 2016

Proton Holdings Bhd. (Proton) is considering raising the price of its vehicles starting in January 2016. This was due to the weakening ringgit, which led to an increase in operating costs for many raw materials. It is because many materials are purchased in foreign currencies. Renault Chief Executive Officer, Datuk Abdul Harith Abdullah said Proton has taken several initiatives in an attempt to reduce and rationalize operating costs