Editor's Pick

Malaysia to revisit 12MP in light of Covid-19, weak oil prices: Mustapa

Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed said planning for the 12MP was done when the economy was okay in 2019 and therefore there was a need to realign although work on the five-year plan, which covers the period from 2021 to 2025, had almost been completed.

Malls' future amid Covid-19 discussed at EdgeProp.my's FBLive Fireside Chat

The panelists were President of the Malaysia Shopping Malls Association (PPKM) and 1 Utama and Bandar Utama City Centre director Tan Sri Teo Chiang Kok, KIP Group CEO Valerie Ong and Sunway Malls and Theme Parks CEO HC Chan. The live session was moderated by EdgeProp Malaysia managing director and editor-in-chief Au Foong Yee.

Hotel closures and layoffs inevitable

Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng: Based on the current situation, we are estimating up to 30% closures over six months (from when the MCO began on March 18) either permanently or temporarily.