News about hopping

KUALA LUMPUR (May 9): Loss-making Pegasus Heights Bhd, which is involved in leasing out commercial properties, has postponed its plans to expand its new F&B business and revamp its Seremban shopping mall in light of the Covid-19 pandemic.

PETALING JAYA (May 1): The Malaysia Shopping Malls Association (PPK) is calling for the enactment of the Covid-19 Act purportedly to protect businesses and jobs to protect both landlord and tenant in genuine situations with no abuse for a “free-ride”.

KUALA LUMPUR (April 30): CapitaLand Malaysia Mall Trust (CMMT) has committed to RM35 million in rental relief for shopping mall tenants in non-essential services during the movement control order (MCO) period.

  PETALING JAYA (April 29): The shopping complex or retail property sector's performance was stable last year, recording an overall occupancy rate of 79.

KUALA LUMPUR (April 29): Starting today, a person going out to purchase food or daily necessities during the movement control order (MCO) may be accompanied by one family member staying in the same house, according to an updated regulation by the Ministry of Health.

PETALING JAYA (April 24): It is perhaps the best time now to support local brands and retailers in light of the impact from the Covid-19 and Movement Control Order (MCO) on the retail sector in Malaysia.

PETALING JAYA (April 24): Based on the ratio of retail space per person in the country, there is no overbuilding of shopping malls in Malaysia, stressed Malaysia Shopping Malls Association (PPK) president Tan Sri Teo Chiang Kok.

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.

Rented for: RM9,000 per month (around RM4.

KUALA LUMPUR (March 23): The Malaysia Shopping Malls Association (PPKM) is appealing to the government to provide urgent relief as it estimates that the shopping mall industry will lose more than RM750 million, excluding turnover statistics from the retail sector, during the 14-day movement control order (MCO).