Covid-19: Malaysia reports 88 new cases, 121 recoveries, one death
KUALA LUMPUR (April 24): Malaysia reported 88 new cases of Covid-19 today, the eight consecutive day with less than 100 infections.
Mall operators see challenges post MCO but expect recovery in 4Q
PETALING JAYA (April 24): Shopping malls in Malaysia are almost empty during the Covid-19 Movement Control Order which has been in place since March 18 and mall owners expect the next few months to remain challenging post-MCO.
Neighbourhood malls offering essential tenants will recover quicker
PETALING JAYA (April 24): Neighbourhood malls with a high number of tenants offering essential products and services are expected to be less impacted by the Covid-19 pandemic and the Movement Control Order (MCO), than their larger and more high-end counterparts.
Malls' future amid Covid-19 discussed at EdgeProp.my's FBLive Fireside Chat
PETALING JAYA (April 24): Malls are now close to empty due to the Movement Control Order (MCO) to break the spreading chain of the Covid-19 pandemic.
Minister responsible for undistributed food aid, not overworked welfare officers: Yeoh
KUALA LUMPUR (April 24): It is the minister who is responsible for the undistributed food aid and not overworked Welfare Department officers, said Segambut MP Hannah Yeoh according to a Malaysiakini report today.
MCO extension: Genting Malaysia resorts to remain closed until May 12
KUALA LUMPUR (April 24): Genting Malaysia Bhd said Resorts World Genting, Resorts World Awana, Resorts World Kijal and Resorts World Langkawi will continue to be closed until May 12, following the announcement by Prime Minister Tan Sri Muhyiddin Yassin to extend Malaysia’s Movement Control Order (MCO).
Hotel closures and layoffs inevitable
The Covid-19 pandemic and ensuing lockdowns like the Movement Control Order (MCO) in Malaysia have impacted the travel and tourism sector badly and it is not unexpected to hear of hotels closing for the time being In Malaysia, the government has provided much needed aid as announced in its economic stimulus packages in light of the pandemic but it may not be enough to save the weaker players in the industry from collapsing.
Let’s share the burden of Covid-19 construction delays, says PAM
Even if the Covid-19 Movement Control Order (MCO) ends, don’t expect construction works to resume and progress as per normal.
MTUC sec-gen wants gov’t to rein in ‘irresponsible’ employers
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.
Consider REITs as alternative in property investment
As work-from-home becomes a new norm, it is expected that demand for physical office spaces will be reduced.
