What federal government agencies will lower rental rates for small traders?

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Federal Agencies to Lower Rental Rates for Small Traders Announced

The federal government will reduce rental rates for commercial premises owned by government-linked entities and agencies, including MARA and UDA, starting this month. This initiative, announced by Prime Minister Datuk Seri Anwar Ibrahim, aims to alleviate the financial strain on small traders who are currently grappling with escalating operational costs. The Prime Minister has also encouraged state governments and local councils across Malaysia to implement comparable rental reductions to provide broader relief.
MARA and UDA Premises Included in Rent Reduction

Premises managed by Majlis Amanah Rakyat (MARA) and the Urban Development Authority (UDA) are among those that will see rental rates lowered. This measure is part of a broader effort by the federal government to address the rising input costs faced by small businesses. The Prime Minister indicated that announcements detailing these reductions would be made on a district-by-district basis shortly.
Initiative Driven by Rising Input Costs

The decision to lower rental rates was directly influenced by concerns over the increasing cost of goods and services impacting small traders. Prime Minister Anwar Ibrahim cited an encounter with a food stall operator in Rawang, who highlighted the cumulative effect of weekly price increases on her ability to sustain her business. This prompted a review and subsequent decision at the National Economic Action Council meeting.
Call for Wider Adoption of Rental Reductions

Following the federal government's lead, Prime Minister Anwar Ibrahim urged all local authorities and state governments to follow suit by reducing rental rates effective from the current month. He specifically acknowledged the positive response from Selangor Menteri Besar Datuk Seri Amirudin Shari, with the state government expected to announce similar measures soon. This call emphasizes the need for a coordinated approach to support vulnerable economic groups.

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What federal government agencies will lower rental rates for small traders?

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