News about retail

THE secret to happiness is to spend ­money on experiences and not things, says Thomas Gilovich, a psychology professor at Cornell University.

PETALING JAYA (March 11): The first phase of construction of the RM21 million duty-free complex Tioman Gateway in Tioman Island, Pantai Tekek is expected to begin this month and the whole project is scheduled to be completed in 1Q2018.

LAST year was a challenging one for the ­Singapore retail market.

KUALA LUMPUR (Feb 23): The retail mall market is expected to take three to four years from now to improve as more malls open in the next few years adding to the oversupply in retail spaces, said Savills (Malaysia) Sdn Bhd managing director Allan Soo.

SINGAPORE (Jan 31): DBS Group Research has upgraded CapitaLand Retail China Trust (CRCT) to “buy” from “hold” with S$1.

KUALA LUMPUR (Jan 18): RHB Retail Research said Ekovest Bhd may rise higher after posting a long white candle and hitting its highest close in nearly two months.

Space, and how people interact with it, is ever evolving.

SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).

KUALA LUMPUR (Oct 13): Despite the apparent weak consumer sentiment since the implementation of the goods and services tax in April last year, the Malaysian retail scene remains energetic with more global brands getting a foothold in the country, said the Performance Management and Delivery Unit (Pemandu).

Parkson Holdings Bhd (Sept 14, 81 sen) Maintain underperform with an unchanged target price of 70 sen: Parkson Holdings Bhd’s 54.