Be flexible on licences for small traders: Jainab INDUSTRIAL Development Assistant Minister Jainab Ahmad called on local authorities, particularly City Hall, to be more flexible when issuing trading licences to enable small-time traders apply for business loans. She
said the local authorities should consider easing the requirements, in tandem with the Budget 2008 which allocated RM50 million as guarantees to Bank Simpanan Nasional Berhad and Bank Islam Berhad to provide loans to those without fixed income, effective Jan 1, 2008.
"Quite a number of small traders, particularly among the women, operating their businesses at home are unable to seek financial assistance to expand their business operations due to failure to obtain trading licences from Kota Kinabalu City Hall.
"For City Hall, it is a requirement for applicants to have office premises when applying for a trading licence and such condition has hampered the applicants' bid to legalise and expand their small businesses.
"When these small traders failed to acquire the trading licence, they are not eligible to apply for business loans from financial institutions that require the applicants to possess trading licences," Jainab
said this to reporters after officiating at the closing of a forum appreciating past leaders' struggle, organised by Sabah Women's Advisory Council
(MPWS) and PEWANI of UiTM Sabah branch, here, Saturday.Also present were Ex-Deputy State Secretary, Datuk Noni J. Said
and MPWS Chairman Datin Asnimar Sukardi.
Describing the Budget 2008 as a budget benefiting all walks of life, Jainab
said the Government funding to assist small traders would be left unused if loan applicants are unable to possess trading licences for their businesses. She
was also pleased to note that RM200 million would be provided for tourism development in Sabah and Sarawak. Jainab
, who is also Karambunai assemblywoman, said this could benefit a plan that she
hoped to realise in her
constituency in which a monument of Mat Salleh is proposed to be erected in Kg Inanam Laut in commemoration of his
struggle against colonialisation of Sabah. She
also welcomed the RM22 million allocation for homestay activities that would trigger interest of the residents in Kg Darau and several villages in her
constituency to be involved in homestay to boost the State's tourism industry.