KUALA LUMPUR (April 2): AEON Retail will offer a 28-day rental waiver for the period of the Movement Control Order (MCO) to tenants with non-essential businesses that are unable to operate at their premises, reported Focus Malaysia today.
KUALA LUMPUR (March 9): The sluggish retail market outlook, contributed by an already slowing economy and now the COVID-19 outbreak, has not deterred the spirits of AEON Co (M) Bhd.
KUALA LUMPUR (Feb 22): With the revised Guidelines on Foreign Participation in the Distributive Trade Services 2020 kicking in on Jan 1, the rules have now “been relaxed” for foreign operators of large-format grocery stores.
KUALA LUMPUR (Feb 18): At least two retailers are experiencing drastic sales decline at their outlets located at tourist zones, following concerns over the 2019 novel coronavirus (COVID-19) outbreak.
KUALA LUMPUR (Jan 17): KIP Real Estate Investment Trust (KIP REIT)’s net property income rose 41% in the second quarter ended Dec 31, 2019 (2QFY2020) to RM14.
KUALA LUMPUR (Jan 4): The department store model is still relevant but technology and social media must be used “so that they appeal to the younger generation”.
KUALA LUMPUR (Oct 17): KIP Real Estate Investment Trust (KIP REIT)’s net property income jumped 36% to RM13.
KUALA LUMPUR (Aug 9): GSB Group Bhd’s controlling shareholder, the Tee family, is selling RM714 million worth of real estate assets to the company for RM714.
KUALA LUMPUR (May 30): Japanese retailer Aeon Co (M) Bhd said it will be spending about RM500 million in the financial year 2019 (FY19) on selected mall renovations and opening.
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