600 Retail Shops To Be Modernised This Year
IPOH, April 9 (Bernama) -- Up to 600 retail shops throughout the country will be modernised under the Retail Shop Transformation (Tukar) Programme as part of a government measure to help retailers face up to stiffer competition in the business, Deputy Domestic Trade, Cooperatives and Consumerism Minister Datuk Tan Lian Hoe said today.
"These retailers will be assisted free of charge by consultants collaborating with the government, namely hypermarkets Tesco, Carrefour, Mydin, AEON Co (M) Bhd, Giant and Econsave," she told reporters after a dialogue with the Perak Retailers Association, here.
Tan said more than 900 retailers nationwide had applied to participate in the Tukar programme, which had received a RM30 million allocation from the government.
The retailers in the programme would be provided with a loan of between RM20,000 and RM60,000 from Bank Rakyat to modernise their outlets.
"So far, 24 retail shops in the country have been modernised and have registered an increased income, from RM1,700 to between RM2,500 and RM4,000 a month," she said. -- BERNAMA
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