Six-month rental exemption for MARA Digital Mall traders nationwide - Ismail Sabri

Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said the ministry had decided on the free rental for future traders operating at the MARA Digital Mall at Anggerik Mall, Shah Alam and Glomac Mall in Damansara, due to be opened soon.

"The rental subsidy is given as temporary assistance for traders starting out on their business in the first six months until they earn a stable amount of profit.

"This is not a special priviledge as alleged by certain quarters previously," he said at a press conference at Sri Pentas, Bandar Utama here, Thursday.

He said the MARA Digital Mall at Anggerik Mall, which would be opened at the end of June, was delayed as the recent storms had caused leaks and damages to the building.

"The traders will have to begin operating at a suitable time as come fasting month, shoppers are more interested in clothings for Hari Raya, rather than mobile phones and IT products," he said.

In December last year, Ismail Sabri had said the MARA Digital Mall would be extended to every state capital nationwide this year to give more Bumiputera traders the opportunity to venture into the digital and IT market.

Meanwhile, Ismail Sabri said the Rural Business Challenge (RBC) running from May 16 to June 15 was still opened for participation.

"Like in the previous years, the RBC this year is divided into two categories, namely the Business Expansion and Business Idea competitions.

"The Business Expansion category is opened to existing companies while the Business Idea category is opened to companies which have not begun operation.

"Participation is opened to Malaysian youths, aged between 18 to 40 years," he said.

He said winners of the Business Expansion category would receive a business grant of up to RM1 million for capital expenditure and credit facilities, while the Business Ideas winners would receive RM10,000 for each winning entry.