Labuan citizens and the business community will be given special incentives

By TIN Media | Sabah Published 3 years ago on 31 March 2020
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LABUAN -:

The Ministry of the Federal Territories through the Labuan Corporation agreed because of the COVID-19 crisis to take steps that would reduce the financial burden on the duty-free free island of Labuan citizens and businesses here.

Some changes have been made which will have more benefits for the new initiatives especially for the Labuan citizens of the third Wilayah Cakna cluster.

The measures were in line with the announcement recently made by Prime Minister Tan Sri Muhyidin Yassin of the Prihatin Rakyat Economic Stimulus Package (PRIHATIN).

He said among the initiatives were the exemption of rental payment for LC-owned public housing for six months from March to August this year.

"The monthly rent for this excluded house starts from RM150 to RM650 for 546 families with total cost RM933,210," he said.

Another initiative concerns the hawkers and small-time entrepreneurs, 774 of whom will benefit from a six-month free rental starting March at the Labuan Food Court and Labuán International Sea Sports Complex at any LC-owned property of Pasar Sentral UTC Building, night market, and farmer's market.

"Full six-month rental costs are RM1,036,110," he said.

Annuar also announced that RM500 would be given one-off cash help to 1,300 hawkers and small-time traders and that LC had set aside RM650,000 allocations in this.

Food assistance, healthcare and health kits involving an RM50,000 allocation will also be given to asnaf (tithe receiver) and low-income earners (fishermen, farmers, anchovy farm and fish trap operators).


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