COVID-19 outbreak a wake-up call: AEON MD
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.
Rules relaxed: For foreign operators of large-format grocery stores
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.
Retailers in tourist zones record over 70% slump in sales amid coronavirus outbreak
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.
KIP REIT’s net property income rises 41% in 2Q
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.
AEON: Department store model still relevant
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”.
KIP REIT NPI rises 36%, declares 1.37 sen distribution
KUALA LUMPUR (Oct 17): KIP Real Estate Investment Trust (KIP REIT)’s net property income jumped 36% to RM13.
Controlling shareholder Tee family sells RM714m worth of real estate assets to GSB Group
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.
Aeon to spend about RM500m on mall renovations in FY19
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.
Platinum Victory plans two condominium launches in 1H2019
PETALING JAYA (Dec 20): Property developer Platinum Victory Group plans to launch two residential high-rise projects with a combined GDV of RM787 million in 1H2019, said its executive director Gan Yee Hin.
