Parkson’s Cambodian unit ordered to pay RM630m in damages to its landlord
The unit is Parkson (Cambodia) Co Ltd (PCCO), which is wholly-owned by Parkson’s 67.96%-owned subsidiary, Parkson Retail Asia Ltd (PRA).
The unit is Parkson (Cambodia) Co Ltd (PCCO), which is wholly-owned by Parkson’s 67.96%-owned subsidiary, Parkson Retail Asia Ltd (PRA).
If successful, this would be Gamuda’s first Australian project.
As such, property prices at best could decline by 10%, and at most could decline by 20%.
In a statement, the mall and entertainment operator said it will be a full base rental waiver and that it is done to support the long-term business sustainability of its tenants.
Travel restrictions placed by the government led to a delay in signing the sales and purchase agreements for land sales.
This is because the allocated amount is not sufficient since it is estimated to cover only 3.3 million workers.
The biggest challenge for SMEs is cash flow as they evaluate how Malaysia’s RM250 billion Prihatin Rakyat Economic Stimulus Package will mitigate COVID-19’s economic impact on them.
This is to further alleviate the financial strain on their individual and small and medium enterprise (SME) customers.
In a statement, MITI said that as of 12pm today, some 2,732 companies or 29.41% of appeals it received have been allowed to operate, while 2,794 appeals or 30.08% of the total number of appeals have been rejected.
The moratorium applies to all ringgit-denominated loans that are not in arrears for over 90 days.