Business

FT Ministry wants 2,000 business lots to go to youth

Response to Federal Territories City Youth Entrepreneurs programme encouraging, says Annuar Musa.

Updated 5 years ago · Published on 20 Nov 2020 11:59PM

FT Ministry wants 2,000 business lots to go to youth
Federal Territories Ministry Tan Sri Annuar Musa says a large number of applications has been received for the programme since its announcement on July 7. – Bernama pic, November 20, 2020

PUTRAJAYA – The Federal Territories Ministry aims to provide 2,000 business lots for youth under the Federal Territories City Youth Entrepreneurs programme in two years, said its minister, Tan Sri Annuar Musa.

He said 1,122 business lots in 169 locations around Kuala Lumpur and Putrajaya have been prepared under the programme to help city youth who are affected or have lost their source of income due to restrictions in place to curb the spread of Covid-19.

"If one location requires at least two workers, that’s already 4,000 jobs for youth and, indirectly, they will benefit from this programme,” he said after presenting business licences to Putrajaya youth entrepreneurs here today.

Since its announcement on July 7, the programme has received encouraging response with a large number of applications, he said.

Annuar said the basic criteria for selection requires the applicant be a resident of Putrajaya or Kuala Lumpur, and priority will be given to youth between 18 and 35 years old who have lost their jobs or businesses due to the Covid-19 pandemic.

"Applicants with vast knowledge related to the applied premises will also be an advantage,” he said.

Regarding the free-trade area programme, Annuar said his ministry has received reports that parties are trying to act as go-betweens to control certain areas and collect site rentals.

"There is no need for a system that uses go-betweens or middlemen because every trader who wishes to trade only needs to deal with Kuala Lumpur City Hall and Putrajaya Corporation to open their stalls in approved areas and adhere to the guidelines set,” he said.

Meanwhile, Annuar also urged all MPs to support Budget 2021 during the voting session next Thursday.

"It isn’t wrong for us to suggest policies and improvements, like the continuation of the moratorium and withdrawals from the Employee Provident Fund’s Account 1.

"I feel that they are beneficial and suitable, so the government should pay attention. So, this doesn’t mean that when the Budget is tabled… that’s it, and other suggestions can’t be made. That’s what debates are for,” he added. – Bernama, November 20, 2020 

Related News

Malaysia / 1d

PAS to discuss position in PN with Gerakan, MIPP this week

Malaysia / 1w

Future cooperation between PAS and Bersatu determined next Monday - Annuar Musa

Events / 4mth

BolehJe officially launched, new platform empowers gig opportunities and youth income

Malaysia / 4mth

'Dr Akmal's resignation does not put pressure on UMNO' - Ahmad Zahid

Malaysia / 5mth

Dong Zong had the chance to resolve UEC issue in 2013, says Ti Lian Ker

Malaysia / 6mth

Sabah polls: Young voters could determine outcome of Sabah General Election, says Annuar Musa

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Business

AI should support human thinking, not replace it - MDEC CEO

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Business

Kami Builders secure RM300 million ASEAN sustainability sukuk, channels Islamic capital into QIU campus development

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business

Ringgit surges as Iran deal optimism weighs on US dollar and oil prices