News about retail

KUALA LUMPUR (April 12): The Malaysia Retailers Association (MRA) said on Tuesday it is appealing to the government to review and stagger the minimum wage hike of 25% come May 1, 2022 for the retail industry.

KUALA LUMPUR (April 7): Despite the outlook on retail sales improving, AmInvestment Bank expects rental reversions for malls in prime locations to remain muted in the near term as tenants will still require some time to recover to their pre-pandemic sales level.

Malaysia’s retail industry has been heavily impacted by the Covid-19 outbreak in 2020.

KUALA LUMPUR (Oct 23): With the reopening of most economic activities as Malaysia adopts the living with the virus stance backed by a rapid vaccination programme that has covered close to 95% of the adult population, retail real estate investment trusts (REITs) “may be worth a closer look although much also depends on where their assets are located”, wrote The Edge Malaysia this week.

KUALA LUMPUR (Oct 9): Glovemaker Rubberex Corp says it is confident about its proposal to take up a 20% stake in Empire City Mall in Petaling Jaya for RM180 million.

KUALA LUMPUR (Oct 7): The Malaysian retail industry recorded a positive growth rate of 3.

KUALA LUMPUR (Sept 30): The iconic clothing retailer Kamdar Group (M) Bhd has closed its Jalan Tuanku Abdul Rahman outlet in Kuala Lumpur with effect from Thursday to consolidate the business of two branches situated within close proximity.

KUALA LUMPUR (Sept 30): Despite various extensions of rental relief, up to half of mall operators reported significant difficulties collecting rents from their tenants in the first half of 2021 (1H21), according to Bank Negara Malaysia (BNM).

PETALING JAYA (Sept 7): Several commercial associations have urged the government to reopen all sectors of the economy, especially for those who are fully vaccinated to be present at workplaces without the need to obtain approvals from the relevant authorities.

PETALING JAYA (Sept 7): Several commercial associations have urged the government to reopen all sectors of the economy, especially for those who are fully vaccinated to be present at workplaces without the need to obtain approvals from the relevant authorities.