EdgeProp.my Survey: Malls can never be the same again

The Covid-19 Movement Control Order (MCO) had been eased into a Conditional MCO until June 9 (at the time this article was written), allowing most retailers to resume operating including in shopping malls, but it is clear that most people remain wary of visiting such public spaces.

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SP Setia 1Q net profit down 62% as MCO hits property, construction segments

KUALA LUMPUR (May 14): Property developer S P Setia Bhd saw its first-quarter net profit drop 62% year-on-year (y-o-y) on lower earnings from its property development and construction segments, partly due to the Movement Control Order (MCO), which led to closure of sales offices, construction sites and social activities, resulting in disruptions to the operations of its businesses.

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