Mall operators see challenges post MCO but expect recovery in 4Q
Sunway Malls & Theme Parks CEO HC Chan: We need to be innovative and adapt to the new normal in the way we do business. However, I believe the recovery will come slowly but surely.
Neighbourhood malls offering essential tenants will recover quicker
KIP Group of Companies CEO Valerie Ong said these community-centric neighbourhood malls could rebound quicker than those with luxury offerings post-MCO.
Malls' future amid Covid-19 discussed at EdgeProp.my's FBLive Fireside Chat
The panelists were President of the Malaysia Shopping Malls Association (PPKM) and 1 Utama and Bandar Utama City Centre director Tan Sri Teo Chiang Kok, KIP Group CEO Valerie Ong and Sunway Malls and Theme Parks CEO HC Chan. The live session was moderated by EdgeProp Malaysia managing director and editor-in-chief Au Foong Yee.
Trump suggests injections of disinfectant to cure COVID-19
The US president also “appeared to propose irradiating patients' bodies with UV light” to kill the coronavirus in patients.
Minister responsible for undistributed food aid, not overworked welfare officers: Yeoh
“It is not the fault of @JKMHQ. That’s why we hold the minister responsible.”
Hotel closures and layoffs inevitable
Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng: Based on the current situation, we are estimating up to 30% closures over six months (from when the MCO began on March 18) either permanently or temporarily.
Let’s share the burden of Covid-19 construction delays, says PAM
PAM president Lillian Tay: I believe that everyone should share the burden as no one should expect to take ‘benefit’ from the crisis
MTUC sec-gen wants gov’t to rein in ‘irresponsible’ employers
"While we concur with Muhyiddin's announcement yesterday to extend the MCO until May 12, we are also concerned with the latest World Bank report which said Malaysia, having announced an RM260 billion stimulus over the past month, has only limited fiscal policy space to further intervene if the Covid-19 fallout drags on."
Two Mongolian women sue police inspector, PJ hotel in relation to rape
“This is the first step in seeking compensation for the heinous crimes perpetrated against my clients. We hope the courts will recognise the irreparable damage suffered by my clients and also the gross violation of trust perpetrated by the accused at a time of national emergency.”
How is this crisis different?
At the EdgeProp.my Facebook Live Fireside Chat on April 17 titled “Will the Malaysian Property Sector Survive this Mother of All Crises?”, three industry veterans provided some clarity on what property buyers and investors should expect as they discussed the current pains plaguing the industry.
