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Application to run KR1M opens March 1

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Source: The Star - SHARON LING (View expressed here is solely the opinion of the source)

KUCHING: The opportunity to run Kedai Rakyat 1Malaysia (KR1M) outlets will be opened to the public, including local companies, cooperatives and entrepreneurs, starting next month.

Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said those interested to run a KR1M outlet could apply to the ministry from March 1 onwards.

“Prior to this, KR1M outlets were managed fully by Mydin Mohamad Holdings Bhd. Now we want to give the public the opportunity to run them. This will encourage more people to get involved in retail business and at the same time help KR1M outlets expand more rapidly around the country,” he told reporters after launching 1Malaysia products at Choice Supermall in Semariang here yesterday.

(From left): Domestic Trade, Cooperatives and Consumerism state director Wan Ahmad Uzir Wan Sulaiman, Deputy Minister Datuk Rohani Abdul Karim, Ismail Sabri and Assistant Minister in the Chief Minister’s Office Datuk Naroden Majais trying 1Malaysia chocolate drink.

Ismail Sabri said the start-up capital as well as renovation and equipment costs would be borne by the Government, while the applicants would have to come up with the revolving capital to purchase stock.

“For each premises of 1,500 square feet (139 square metres), the capital required is about RM460,000, while for premises of 3,500 square feet (325 square metres) it is RM650,000,” he said.

He added that the ministry planned to open about 40 outlets initially under the new approach, while a committee would be set up to select the applicants based on their ability.

“Those with some experience in the retail business will be given priority,” he said, adding that the location of the outlets would be decided by the ministry.

Those interested can apply at the nearest Domestic Trade, Cooperatives and Consumerism office or visit the ministry’s website at www.kpdnkk.gov.my for details on terms and conditions.

Earlier, Ismail Sabri said Choice Supermall was the first supermarket in Sarawak to sell products under the 1Malaysia brand.

He said the supermarket currently stocked 14 types of 1Malaysia products, including instant coffee, cordial and tea.

“I understand more products will be introduced in the coming weeks. These products are sold 30-50% cheaper than similar branded items.

“For instance, the 1Malaysia malted chocolate drink is priced at RM11.90 a packet compared to RM18.50 for a branded product,” he said.

He added that the 1Malaysia products were sold in dedicated KR1M outlets as well as in existing grocery shops and supermarkets.

There are currently 30 KR1M outlets in operation in peninsular Malaysia while 288 existing retail shops sell the 1Malaysia products.

In Sarawak, the ministry plans to open seven KR1M outlets by this year and is in the process of identifying suitable locations.

Last Updated on Tuesday, 21 February 2012 19:58  

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