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.
Empire City Mall: We are confident of our investment in this mall, says Rubberex
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.
Malaysian retail industry grew 3.4% y-o-y in 2Q2021
KUALA LUMPUR (Oct 7): The Malaysian retail industry recorded a positive growth rate of 3.
Iconic clothing retailer Kamdar closes smaller outlet near Jalan TAR headquarters
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.
Pressure on office and retail rents to remain as vacancy rates rise — BNM
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).
Retail associations: Urgent appeal for the resumption of business and work for the fully vaccinated
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.
Retail associations: Urgent appeal for the resumption of business and work for the fully vaccinated
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.
MRCA urges government to reopen all retail sectors
PETALING JAYA (Aug 12): With ramping up of the Retail Industry Vaccination Programme, Malaysia Retail Chain Association (MRCA) calls on the government to allow all retail sectors to be reopened immediately, with a continued strict adherence to standard operating procedures (SOPs) to ensure survivability and sustainability of the retail sector.
Malaysia Retail Chain Association launches F&B division
KUALA LUMPUR (July 28): Malaysia Retail Chain Association (MRCA) today launched its F&B Division and pledged to lobby for benefits and rights for F&B members to survive the Covid-19 pandemic.
