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.
Industrial sector sees growth while retail segment is recovering, says Knight Frank
Industrial sector continues to flourish Optimism for the growth of retail sector following a robust quarterly growth PETALING JAYA (Aug 9): The local industrial sector has seen steady growth while the retail sector is recovering with stable increase of occupancy rates, according to the Knight Frank Malaysia’s Real Estate Highlights for 1H2022 (REH).
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Malaysia Retailers Association appealing to govt to stagger minimum wage hike
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.
Retail rental reversion likely to be flattish, says AmInvestment Bank
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.
The next normal in retail industry
Malaysia’s retail industry has been heavily impacted by the Covid-19 outbreak in 2020.
Retail REITs to benefit from reopening of economy
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.
