News about malls

The once bustling shopping malls have become dead places, no thanks to the Covid-19 pandemic.

HC Chan, CEO of Sunway Malls & Theme Parks “The CMCO 2.

On a Saturday afternoon two weeks ago, engineer Shai Gia Wei visited his favourite shopping mall in Petaling Jaya as usual to do the weekly grocery shopping with his wife, and found the trip much easier as not many visitors were there.

KUALA LUMPUR (Oct 3): Retail groups have questioned the rationale for restaurants with bar service to close by 11pm beginning from today as announced by the menteri besar (MB) of Selangor.

KUALA LUMPUR (July 25): Local malls are seeing a rise in activity again, with some experiencing a recovery in “footfall” a month into the Recovery MCO (RMCO), reported The Edge Malaysia.

PETALING JAYA (June 12): The average occupancy rate of malls in Greater Kuala Lumpur has remained stable, only falling marginally by 0.

KUALA LUMPUR (May 21): Capitaland Malaysia Mall Trust (CMMT) said its earnings in the first quarter ended March 31, 2020 was affected by lower rental income from its shopping malls, following the implementation of the movement control order (MCO).

KUALA LUMPUR (May 20): After reporting lower earnings in its third quarter, analysts are expecting Sunway Real Estate Investment Trust's (Sunway REIT) fourth quarter to be weaker as it registers a full quarter’s impact from the Covid-19 outbreak as well as extended Movement Control Order (MCO).

KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (REIT) net property income (NPI) slid by 9% to RM103.

KUALA LUMPUR (May 19): The Ministry of Health (MoH) says parents or guardians should not take children to crowded places such as shopping malls, despite the declining trend of new Covid-19 cases in the country.