Tepid interest in IGB Commercial REIT evidence of harsh conditions in office market
KUALA LUMPUR (Sept 10): Few may disagree that IGB Bhd signifies quality real estate assets given its track record, be it shopping malls or office space.
Report: FELDA looking to 'dispose of a stake' in Encorp
KUALA LUMPUR (Aug 21): Federal Land Development Authority (FELDA) “is understood to be looking to dispose of a stake” in developer Encorp Bhd, The Edge Malaysia reported this week.
Sunway Malls facilitating up to RM200m in working capital to assist retailers as pandemic creates 'cash-flow crunch'
KUALA LUMPUR (Aug 2): Sunway Malls announced today that it is facilitating up to RM200 million in working capital to assist its retailers through financing facilities provided by RHB Banking Group and Credit Guarantee Corporation Malaysia Bhd (CGC).
Revival possibility remains bleak for abandoned malls in JB
JOHOR BAHRU (July 29): With more new malls opening, coupled with weak market conditions, the hope of abandoned malls in the capital city of the southern region to attract white knights to rescue them seems even harder reported The Star.
Retail groups urge govt to allow shops to reopen when 70% of public-facing staff fully vaccinated
KUALA LUMPUR (July 25): Retail groups are asking the government to allow shops to reopen for business, as long as 70% of public-facing workers are fully vaccinated.
CMMT NPI up 36.5% in 2QFY21, declares 0.5 sen distribution per unit
KUALA LUMPUR (July 23): CapitaLand Malaysia Mall Trust's (CMMT) net property income (NPI) in the second quarter ended June 30, 2021 (2QFY21) rose 36.
Retail mall, theme park associations: Vaccination dividend for those who are inoculated
PETALING JAYA (July 16): Retail mall and theme park associations urged the government to provide “vaccination dividend” to the people who have been vaccinated to enjoy more freedom to move and work.
Get EMCO replaced with targeted lockdowns, retailer groups tell Selangor MB
KUALA LUMPUR (July 11): The Malaysia Shopping Malls Association (PPK) and other retailer groups have urged the Selangor menteri besar to step in to help get the Enhanced Movement Control Order (EMCO) imposed in the state replaced with targeted lockdowns.
Hatten Land sells Melaka land for RM25.8m
SINGAPORE (July 8): Hatten Land has announced yesterday that its wholly-owned subsidiary Prolific Revenue has on July 7 entered into a sale and purchase agreement (SPA) to sell land in Melaka for cash consideration of RM25.
Minister warns of imminent collapse of MSME sector that accounts for 40% of GDP if lockdown continues
KUALA LUMPUR (July 7): The Ministry of Entrepreneur Development and Cooperatives (MEDAC) warned today that the micro, small and medium enterprise (MSME) sector – which accounts for close to 40% of Malaysia’s gross domestic product – could collapse, should the current nationwide lockdown continue indefinitely.
