Shopping mall outlook remains healthy in a different business model
HC Chan, CEO of Sunway Malls & Theme Parks “The CMCO 2.
HC Chan, CEO of Sunway Malls & Theme Parks “The CMCO 2.
The third wave of Covid-19 in Malaysia has shaken shoppers’ confidence and also become the final straw that has broken the camel’s back for some retailers, in turn hurting the mall operators’ rental revenue and future expansion plans.
KOTA KINABALU (Nov 6): Sutera Harbour Resorts (SHR) in Kota Kinabalu, Sabah said the company is not related to the Sutera cluster which was reported by the Ministry of Health earlier on Nov 5, 2020.
While the outlook of shopping malls in the near term remains bleak due to the third wave of Covid-19 and intense competition of online shopping, Henry Butcher Retail managing director Tan Hai Hsin is optimistic that shopping malls are still relevant in the long run.
KUALA LUMPUR (Nov 5): Malaysia reported 1,009 new Covid-19 cases today, marking the third day in a row the daily number of cases is back in four digits.
KUALA LUMPUR (Nov 5): Tafi Industries Bhd has proposed a diversification of its operations to include property development and construction activities, via a conditional joint venture (JV) with E Prompt Sdn Bhd, for the development of a 33-acre (13.
KUALA LUMPUR (Nov 5): Speaker of Dewan Rakyat Datuk Azhar Azizan Harun (pictured) called upon members of the media to make sacrifices and accept Parliament's decision to restrict coverage of Dewan Rakyat and Dewan Negara proceedings to 15 media agencies.
KUALA LUMPUR (Nov 5): Local property buyers have either delayed or cancelled their plans to acquire property following the Covid-19 outbreak, according to a survey by CGS-CIMB Research.
SHAH ALAM (Nov 5): Top Glove Corp Bhd confirmed that 17 of its employees have tested positive for the Covid-19 since January this year.
KUALA LUMPUR (Nov 5): Only 80 out of 222 Members of Parliament (MPs) will be allowed to enter the Dewan Rakyat for sittings, including the tabling of Budget 2021 tomorrow evening, said its speaker Datuk Azhar Azizan Harun.