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.
PETALING JAYA (June 28): Mall operators have expressed their worries on the blanket lockdown of the entire nation which will further dampen the economic condition.
KUALA LUMPUR (June 27): Shopping mall and retail associations have appealed to the government for urgent vaccination of shopping frontliners against Covid-19.
KUALA LUMPUR (June 23): AEON Co (M) Bhd has allocated RM251 million as capital expenditure (capex) for the year, with 40% of the budgeted amount to be allocated to further strengthen the group’s technology and IT infrastructure, according to the retail group’s managing director Shafie Shamsuddin.
SINGAPORE (June 23): Hatten Land has signed a memorandum of understanding (MOU) with The Medici-Watermark (TMW) to manage the former’s three shopping malls located in Melaka, Malaysia.
KUALA LUMPUR (June 14): Unitholders of CapitaLand Malaysia Mall Trust (CMMT) today voted in favour for the real estate investment trust's (REIT) proposal to expand its asset classes to include business parks, logistics facilities, warehouses, distribution centres, data centres and integrated developments.
SEPANG (June 10): KIPMall, the retail segment under KIP Group, is committed to being part of the “go green” community by installing Solar Photovoltaic Systems (PV) for electricity to be generated at a lower tariff and allowing a reduction in carbon footprint.
PETALING JAYA (June 2): The Malaysian Shopping Malls Association (PPK) will subsidise RM50 for each retail tenants’ staff who participate in the Covid-19 vaccination programme at the shopping malls.