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Fastrexs, Malaysian Youth Council seek to train 5,000 unemployed youths

07/04/2021 11:19 PM

KUALA LUMPUR, April 7 -- The Malaysian Youth Council is urging the youth, especially those who are unemployed, to seize the opportunity to venture into the gig economy through its collaboration with Fastrexs (M) Sdn Bhd.

Fastrexs is a retail delivery company that has partnered with the Malaysian Youth Council and started operations in January this year.

Industry, Economy and Entrepreneurship Committee chairman and Malaysian Youth Council exco member, Datuk Syed Osman Mohamed said through the joint venture with Fastrexs, both parties have targeted to train 5,000 unemployed youths.

“We will provide training to those who are interested so that they can seize all the opportunities available in the Fastrexs application.

"We are targeting 5,000 youths to get out of unemployment, we are giving them the opportunity to join this platform so that they can generate their own income with a registration fee as low as RM50," he said on Bernama TV's 'Darah Muda' programme today.

He said apart from the low registration fee, youth entrepreneurs will also benefit from a 15 per cent commission through the Fastrexs app.

Those who have their own products and are registered with the Fastrexs app can also advertise their products for free on the platform.

On funding assistance, he said applying for it may take time but with the cooperation of Bank Islam, loan financing to entrepreneurs has become easier.

The loan assistance includes providing RM500 to RM3,000 to those who had just started a business and RM3,000 to RM20,000 to those who want to upgrade their business.

Fastrexs assistant business development manager Afiqah Jamberi said the company provides various training offers and job opportunities such as becoming an entrepreneur by opening a 'fastburger' stall or becoming a 'rider'.

"For those who do not have their own products, we have initiatives such as 'fastburger' for them to market. 

"All materials, stall installation and an online platform will be provided by Fastrexs; this will automatically make you an entrepreneur under the 'fastburger' programme," he said.

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