Household debt rises by 4% to RM1.27 trillion, making up 87.5% of GDP
The increase was mainly due to a sharp contraction in GDP during the first half of the year, the Ministry of Finance (MoF) said in its Economic Outlook 2021 report.
Editor's Pick
As Budget 2021 looms...
With Budget 2021 set to be even bigger, what can we expect from the mother of all Budgets this year?
End of Private Lease Tenure — what happens then?
Datuk Chang Kim Loong: Members of the public are also forewarned to be careful with any oral promises from any parties to renew lease tenures upon expiry which are not properly documented. The related case study would be the Marble Jade Mansion in Brickfields on issue of “promised” lease extension, but that is another story.
Hotels riding on WFH concept
Malaysian Association of Hotels CEO Yap Lip Seng: Hotels are coming up with creative products and services to sustain operations and such work-from-hotel packages are one of those where hotels are making use of their available resources to generate additional revenues.
Tenant drop-out an emerging risk for malls
CGS-CIMB Research analyst Sharizan Rosely said the tenancy drop-out for Robinson’s outlet in The Gardens Mall will negatively impact IGB Real Estate Investment Trust (IGB REIT). However, he believed that the damage is manageable
Still winter for Klang Valley mall retailers
Just when markets were in a rosy mood, the escalating number of Covid-19 positive cases starting in September put everything on halt again with the implementation of a 14-day conditional movement control order (CMCO) in Klang Valley, which has been extended for another 14-days until Nov 9, 2020.
Shopping malls fight on to stay afloat in CMCO
Indeed, CMCO has restricted people’s movement, causing fewer people to visit the malls, but the main deterrent now is actually people’s qualms of malls’ safety, especially since the majority of the shopping malls have reported Covid-19 positive cases since end- September.
No cross-border travel from EMCO, CMCO areas for Deepavali
Hindus in the RMCO and CMCO areas would be allowed to attend prayers on the first day of Deepavali with strict SOPs being followed.
Sutera Harbour Resorts says Sutera cluster not linked to them
The Sutera cluster, as stated in the ministry’s press release, refers to a construction site along Jalan Utama Sutera Harbour Road.
Malaysia's new Covid-19 cases stay above 1,000-level for third straight day, six deaths reported
839 patients were discharged, which means the total number of people who have recovered from Covid-19 in the country is 25,654.
