00:00Kasek Gulugo MP Wan Saiful Wan Jan has urged the government to implement a six-month moratorium on MyKios rent
00:07to ease the burden on small traders grappling with rising operating costs.
00:12He said micro-entrepreneurs were facing mounting challenges due to higher fuel prices, logistics expenses, and raw material costs,
00:21all of which were eroding already thin profit margins.
00:24Wan Saiful added that the proposal would carry limited fiscal implications for the Housing and Local Government Ministry,
00:31which oversees the MyKios initiative, noting that there are about 7,243 kios units built at a total cost of
00:40around RM150 million,
00:42with monthly rents ranging from RM200 to RM300.
00:46He added that if a moratorium is implemented, the cost to the government is estimated at between RM8.6 million
00:53and RM13 million,
00:55and could be lower as occupancy is not at full capacity.
01:00He said the amount was relatively small compared to the overall cost of the MyKios project,
01:05but could provide meaningful relief for thousands of small traders.
01:09One Saiful said it would also help improve cash flow for micro-businesses
01:14and stabilize their operations in a challenging economic environment.
01:19Anu Jo, FMT.
01:20A multi-owned wingman of theabyrinth of P.
Comments