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Putrajaya Corporation has introduced a 30% cut to monthly rental charges affecting food courts, hawker stalls, and wet markets across the federal territory, aiming to ease financial pressures on vendors.
The Central Terengganu Development Authority has slashed rental rates by 20 per cent from June to help traders manage rising operational costs, affecting 552 premises across multiple locations in Terengganu.
The government has ordered a reduction in commercial rental rates for business premises managed by federal agencies such as MARA and UDA Holdings, effective immediately. Business leaders say the measure will provide crucial relief to micro, small and medium enterprises struggling with mounting expenses.
UDA Holdings is offering rent reductions of up to 20%, flexible payment terms and utility cost assistance to help small and medium enterprises manage operational pressures stemming from ongoing global supply chain disruptions.