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.
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.
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.
Two Mongolian women sue police inspector, PJ hotel in relation to rape
KUALA LUMPUR (April 24): Two Mongolian women yesterday filed a lawsuit against a police inspector and a hotel in Petaling Jaya in relation to the duo’s alleged rape by the cop, Malaysiakini reported yesterday.
How is this crisis different?
The ongoing Covid-19 outbreak has put a large dent on the global economy.
Raise electricity tariff discount for malls and hotels to 25% from 15%, says MRMA
KUALA LUMPUR (April 22): The Malaysian REIT Managers Association (MRMA) is calling for relief measures to help the local real estate investment trusts (REITs) industry mitigate the adverse impacts it is currently facing.
Tadmax sells 25% in Pulau Indah power project to Kepco; to focus on property, construction
KUALA LUMPUR (April 21): Tadmax Resources Bhd has inked an agreement to sell a 25% stake in its Pulau Indah power plant project to Korea Electric Power Corp (Kepco) for RM41.
Will Hari Raya holidays be deferred?
KUALA LUMPUR (April 21): The government “will look into the possibility of deferring” the Hari Raya Aidilfitri public holidays in light of the COVID-19 pandemic, The Star reported today.
New EMCO in KL: Lockdown in Selayang wholesale market's surrounding areas, Pusat Bandar Utara
KUALA LUMPUR (April 20): Putrajaya today announced its sixth enhanced movement control order (EMCO) at Pusat Bandar Utara and the areas surrounding the Selayang wholesale market also known as the Kuala Lumpur wholesale market, say reports.
