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WHEN it became clear that Jaya Jusco Stores Bhd was expanding its chain of retail complexes, it had seemed the group could open just one new store a year. This limitation appeared to be a financial one. The company tends to own the retail buildings; that is very costly in capital expenditure.
BUSINESS and consumer sentiment in the first quarter of the year reached their highest levels since 2002, said the Malaysian Institute of Economic Research (Mier) in its latest quarterly survey.
Driven by an entrepreneurial spirit and positive outlook, City-Square Properties Sdn Bhd executive director Low Su Ming took up the challenge to turn around the flagging performance of the 'once formidable' City-Square shopping centre three years ago.