News about Mall

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).

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.

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.

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.

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.

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.

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.

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.