Malls face RM2bil losses


Malaysia Shopping Malls Association president Tan Sri Teo Chiang Kok said once the MCO is lifted, it would still take some time for mall operators to go back to “business as usual.”

PETALING JAYA: Malaysian shopping malls could face losses north of RM2bil as a result of business disruptions caused by the movement control order (MCO), which has been extended to deal with the Covid-19 pandemic.

Malaysia Shopping Malls Association president Tan Sri Teo Chiang Kok said once the MCO is lifted, it would still take some time for mall operators to go back to “business as usual.”

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