00:00About 10,000 traders under Kuala Lumpur City Hall, DBKL, will enjoy a 50% rental cut for two years.
00:09Minister in the Prime Minister's Department, Federal Territories, Hannah Yeo, said DBKL and Labuan Corporation are among the first local
00:18authorities to roll out the initiative to ease cost-of-living pressures, particularly amid rising fuel prices.
00:25The reduction for hawker sites and selected premises under DBKL will run from April 1st until December 31st, 2027.
00:35Yeo added that Putrajaya Corporation is still studying the best approach before introducing a similar measure, including exploring additional forms
00:43of aid beyond rental discounts.
00:45However, she noted that the government is prioritising rental reductions over other subsidies for now, citing financial constraints and the
00:55need to secure alternative revenue streams.
00:58Thank you very much.
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