KUALA LUMPUR (Nov 26): Aeon Co (M) Bhd returned to the black with a net profit of RM16.
KUALA LUMPUR (Nov 19): IGB Bhd mounted an earnings recovery in its third financial quarter ended Sept 30, 2020 (3QFY20), posting a net profit of RM16.
PETALING JAYA (Nov 17): While appreciating the updated Standard Operating Procedures (SOPs) given by the government, shopping mall operators and retailers are seeking more clarifications on their implementation over concerns of themselves or patrons being penalised.
KUALA LUMPUR (Nov 15): While the Budget 2021 has been touted to be the largest budget in Malaysia, four associations have jointly urged the government to revise the national budget to provide “sustainable and meaningful” assistance.
PETALING JAYA (Nov 12): Six associations have jointly urged the Ministry of Federal Territories (FT) to review and reconsider the ‘free trade area’ in KL for petty traders, as announced by FT Minister Tan Sri Annuar Musa on Tuesday (Nov 10).
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.
While the outlook of shopping malls in the near term remains bleak due to the third wave of Covid-19 and intense competition of online shopping, Henry Butcher Retail managing director Tan Hai Hsin is optimistic that shopping malls are still relevant in the long run.
KUALA LUMPUR (Nov 5): Shares in real estate investment trusts (REITs) dropped in the morning trading session on Bursa Malaysia today, following emerging risk of tenants dropping out for retail mall owners.