Taiwan’s Wistron Corp to buy Western Digital PJ factory
The deal may be done for between RM100 million and RM150 million.
Third wave of Covid-19 forcing theme parks to consider temporary closure
Malaysian Association of Amusement Theme Parks & Family Attractions (MAATFA) president Tan Sri Richard Koh: The recent spike of Covid-19 is making the turtle retreat back into its shell. Just when people were feeling more confident about going out, this new spike reversed it. Attendance at theme parks and attractions have declined by between 40% and 90%, depending on state and the number of Covid-19 cases there
SPB denies GLC offer to acquire assets in Damansara Heights
Located in Damansara Heights, Kuala Lumpur, Menara Millenium and Plaza Batai, which are owned by SPB are believed to have attracted investors’ attention to acquire the properties at current time with the expectation that prices will reduce due to weak economic condition.
MCO sparks retail market bloodbath in 2Q, could drag sales down by 9.3% in 2020 — report
This year has been the worst period for retailers in Malaysia since 1987. The retail market turned into a bloodbath since the middle of March with the implementation of the MCO
Stay order doesn't give AEON BiG the right to remove seal at its store — mall owner
Alleging that AEON BiG has made “an inaccurate unilateral interpretation” of the stay order, Mega Continental said: “Any subsequent acts by AEON BiG in dealing with the seized goods may therefore be contempt in the face of court.”
AEON BiG allowed to continue operating Subang Jaya outlet
High Court in Alor Setar had allowed the company’s application for a stay of execution of the judgment in default dated June 9.
AEON BiG Subang HQ sealed after failing to pay RM140m judgment sum
The action was taken by Mega Continental Sdn Bhd, which is a unit of Penang-based Belleview Group.
Hotels hit by 'buka puasa' buffet loss of RM135m
“The Ramadan month has always been a F&B income generator, with most prominent hotels catering to 'buka puasa' buffet for corporate clients as well as families,” said Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng.
Hotels in which states are likely to recover first?
A recent survey by the Malaysian Association of Hotels (MAH) revealed that hotels in the states of Perak, Pahang, Terengganu and Kelantan are likely to be the fastest to recover. This is because these states rely heavily on the domestic market.
CNY, Hari Raya and surge in grocery shopping won’t avert first retail contraction in 22 years
Unlike previous years, shopping for Chinese New Year did not boost sales in the first quarter while Hari Raya shopping is expected to be soft in the second quarter.
