Malay-only Low Yat 2 to open for business next month

ismail

KUALA LUMPUR: A Malay-only tech mall, previously dubbed “Low Yat 2” will be opened on the first week of next month at the Majlis Amanah Rakyat (Mara) building in Jalan Raja Laut, said Rural and Regional Development Minister Ismail Sabri Yaakob.

According to a report by local daily Kosmo! the name of the new mall has yet to be fixed but will be announced during its opening ceremony.

“All of the vendors are Bumiputera. We expect the mall to be an attraction which offers a variety of technological services and gadgets at a lower price compared to other places,” he said.

Saying Mara had picked 36 traders so far out of the more than 1,000 applications it received, Ismail added, “I also hope that all goods that will be sold are of high quality and of course, any counterfeit goods will be seized by the Domestic Trade, Cooperatives and Consumerism Ministry who will be monitoring them.”

The idea to set-up a Bumiputera-only tech mall was conceived after a violent brawl between the Chinese and Malays erupted on July 22 outside the Low Yat Plaza building in Bukit Bintang. The brawl was the result of an earlier incident where a customer was accused of stealing a handphone, leading to a fist fight in the mall when the suspect was apprehended before being handed over to security personnel.

Commenting on the Malay-only tech mall, Mara chairman Annuar Musa insisted that the idea by Ismail was not racist in any way but merely a proposal to provide Malay entrepreneurs with the opportunity to venture into the telecommunications business like others had.

In September, Ismail said the mall did not necessarily have to be a Malay-only venture as even non-Malays could apply to open their shops at the venue.