Department stores the worst-hit retail sub-sector, says report
KUALA LUMPUR (Nov 7): The Malaysia Retail Industry Report has revealed that for the second quarter of 2020, the worst-hit retail sub-sector was department stores.
IKEA Damansara closes for a day, part-time worker suspected of Covid-19
PETALING JAYA (Nov 7): The popular IKEA Damansara here is closed today after the store was informed yesterday that a part-time worker is suspected of Covid-19, it announced in a statement.
Budget 2021 addresses needs of rakyat, businesses amid Covid-19, say
KUALA LUMPUR (Nov 6): Budget 2021 addresses the lives and livelihoods of all Malaysians amid the backdrop of the Covid-19 pandemic, according to the chairmen of Bursa Malaysia Bhd and Khazanah Research Institute (KRI).
Budget 2021: Structured system needed for digital transformation of construction industry – PAM
PETALING JAYA (Nov 6): On digitalisation of the construction industry, Malaysian Institute of Architects (PAM) president Datuk Ezumi Harzani Ismail hopes that the grant allocated would not be targeted only to help companies to acquire software and hardware, but also to develop a structured system that would promote the usage of Building Information Modelling (BIM).
Alliance-DBS Research: Resolving oversupply still key to spur the property market
PETALING JAYA (Nov 6): The property measures announced under Budget 2021 are within expectations, according to Alliance-DBS Research senior analyst Quah He Wei.
MIPFM: Stamp duty exemption may not help strata property purchasers
PETALING JAYA (Nov 6): Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah (pictured) said the full stamp duty exemption on Memorandum of Transfer (MOT) and loan agreement for first home priced below RM500,000 will be good for the property market but it may not help strata property purchasers if the strata titles are delayed beyond 2025.
Mah Sing hopes DIBS will be considered in next national Budget
KUALA LUMPUR (Nov 6): While Mah Sing Group Bhd commends the government for encouraging homeownership through several initiatives announced in Budget 2021, it hopes that Developer Interest Bearing Scheme (DIBS) would be considered in the future.
Domestic demand to grow by 6.9% in 2021, to recover from 3% decline in 2020
KUALA LUMPUR (Nov 6): Domestic demand in Malaysia is expected to post a recovery in 2021 expanding by 6.
Shopping mall repurposes trend
The once bustling shopping malls have become dead places, no thanks to the Covid-19 pandemic.
Still winter for Klang Valley mall retailers
Mall retailers had finally heaved a sigh of relief when the number of Covid-19 cases stayed low as Malaysia entered the recovery movement control order (RMCO) in June.
