Malaysia

Govt stretches 50% rental discount for federal land, buildings till Dec 31

6-month extension to ease tenants’ burden during total lockdown, help them restructure cash flow to sustain businesses

Updated 5 years ago · Published on 08 Jun 2021 2:09PM

Govt stretches 50% rental discount for federal land, buildings till Dec 31
Ten zoo and permanent exhibition premises will receive immediate assistance from the Wildlife Welfare Caring Fund, says Energy and Natural Resources Minister Datuk Seri Shamsul Anuar Nasarah. – Bernama pic, June 8, 2021

PUTRAJAYA – The government has agreed to extend the 50% discount on rental for tenants of federal land and buildings for another six months, according to Energy and Natural Resources Minister Datuk Seri Shamsul Anuar Nasarah.

In a statement today, he said the initiative would be extended from July 1 to Dec 31.

“It is hoped that the initiative will help ease their burden following the implementation of the total lockdown, as well as to restructure their cash flow to sustain their businesses operating on federal land and (in federal) buildings,” he said.

The government had previously announced the extension of the rental discount till the end of this month.

As for the survival of zoo and permanent exhibition (ZPT) premises, Shamsul said the government had approved an initial allocation of RM179,426 under the Wildlife Welfare Caring Fund to 10 ZPTs that have been badly affected by the total lockdown.

“This time around, the allocation of the Wildlife Welfare Caring Fund is based on the application for immediate assistance from the 10 ZPTs,” he said.

During the movement control order last year, he said the government had allocated RM3.9 million while Tenaga Nasional Bhd had channelled RM500,000 in stages to 25 ZPTs. – Bernama, June 8, 2021

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