Retail Group Malaysia upgrades 2023 retail growth forecast to 2.8% after strong 3Q sales
For the first nine months of this year, the Malaysian retail industry expanded by 3.
Residential property overhang improves but challenges remain for office and retail sectors, says Ahmad Maslan
“Almost 58% of the overhang was condominiums and apartments.
AEON 2Q slumps 36% on lower revenue, higher operating costs
Revenue for the period rose 2.
Demand for warehouses and data centres booming, two sectors drive growth in Malaysia’s real estate
The demand for warehouse space remains high, with manufacturers being the main drivers as they expand their logistics space.
Sunway REIT’s 1Q NPI rises 16% to RM138m driven by retail segment
Gross revenue for the retail segment was 28.
Malaysia retail sales grew 13.7% y-o-y in 4Q2022
In terms of total sale value, Malaysia retail industry in 2022 had recovered to 2019 level.
Tourism and retail groups urge government to withdraw luxury tax plan
The groups believe the proposed luxury tax is a "lose-lose proposition" where the country will "lose foreign tourist arrivals and lose Malaysians from buying locally, coupled with the loss of foreign exchange".
Ingenieur Gudang to acquire interest in 164 units of retail lots at commercial complex
The construction group said it is buying Deluxe Mission Sdn Bhd from its sole owner, Soon Boon Fei, for RM8 million.
Retailers, hoteliers urge govt for moratorium on new electricity tariff after surge in energy bills
In a joint statement on Wednesday (Feb 8), seven associations representing retailers and the owners and operators of hotels, theme parks and shopping malls lament that their monthly energy bills have gone up by at least 20% to 30% compared to the previous year, despite similar usage levels.
