THE Penang Hill Corporation (PHC) has announced there will be rental reduction for its commercial tenants to help ease their burden.
The initiative taken by the Penang government through PHC aimed to slash 50% of the rental for January and February 2020.
There will also be a rental waiver of 100% for shop tenants for March, April and May 2020.
Chief Minister Chow Kon Yeow, who is also PHC chairman, said the initiative was aimed at helping operators to revitalise their business.
“This effort is also to rebuild a sustainable and competitive economy.
“We want to secure employment for the people, ” he said in a statement.
The statement pointed out that the Covid-19 pandemic had impacted the health of people and also economic activities throughout the country.
Penang Hill experienced a significant drop in tourists and visitors even before the movement control order was enforced on March 18.
The crowd at the hill started to dwindle in January due to virus fears.
The resort hill is a top destination for tourists and locals alike.
It is a popular hiking place and there are several jungle trekking routes.
With an elevation of more than 800m, the temperature at the summit is cooler than in George Town at sea level.
The iconic hill also has lush scenery and panoramic views and is the home of the popular The Habitat.
Since 2014, the facility has drawn millions of visitors to the top of the hill and it attracted a record 1.74 million visitors in 2018.
Located about 830m above sea level, the Penang Hill station was the first colonial hill station developed in peninsular Malaysia.
The most popular way to the hilltop is via the Penang Hill funicular train.
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