News about REN

KUALA LUMPUR (April 25): The period between March 15 to April 20 this year saw 7,159 employees retrenched, the first five weeks of the movement control order (MCO), according to statistics provided by the Labour Department.

KUALA LUMPUR (April 24): Malaysian Trades Union Congress (MTUC) secretary-general J Solomon has urged the government to ensure that “irresponsible” employers threatening mass retrenchments during the movement control order (MCO) are reined in, Malaysiakini reported today.

KUALA LUMPUR (April 18): Non-essential retailers have been instructed to remain shut during the Movement Control Order (MCO) for a total of six weeks from March 18 to April 28.

KUALA LUMPUR (April 10): Berjaya Times Square Sdn Bhd (BTSSB) will be waiving the rent for all its tenants at Berjaya Times Square during the first and second phases of the movement control order (MCO) between March 18 to April 14.

KUALA LUMPUR (April 6): New York landlord Mario Salerno, who has 18 apartment buildings, posted signs saying tenants in his buildings did not need to pay April rent, The New York Times reported on Friday.

KUALA LUMPUR (Apr 3): Oversupply conditions in the office space and shopping complex (OSSC) segment in Malaysia have not improved.

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.

PETALING JAYA (Mar 27): Tenants of Tropicana Gardens Mall, Kota Damansara, Selangor, will see their rentals waived for the duration of the Movement Control Order (MCO).

KUALA LUMPUR (March 26): Capitaland Malaysia Mall Trust (CMMT) will provide a 14-day rental waiver to tenants who provide non-essential services across all seven Capitaland malls amid the Movement Control Order (MCO), the trust said yesterday.

KUALA LUMPUR (March 23): Sunway Malls, the retail division of Sunway Group Bhd, is offering RM20 million rent free to non-essential retailers for the 14-day movement control order (MCO) period.