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INADEQUATE market information on the supply and demand for commercial space has largely contributed to the mismatch still existing in the market, developers and property consultants concurred.
The rising rate of accidents in workplaces in the service sectors is causing concern among the authorities. Deputy Human Resources Minister Datuk Abdul Rahman Bakar said 31,941 accident cases in the service sectors were reported to Socso last year, contributing to 43% of all cases reported.
THE implementation of the Efficient Consumer Response - Central Item Repository (ECR-CIP) project, aimed at creating a single electronic platform for the retail and supply industry, could potentially save about 5% in supply chain cost across the board, Deputy Science, Technology and Innovation Minister Datuk Kong Cho Ha said.
What is the outlook for the commercial and retail sectors? In part two of the StarBiz Property Roundtable, MK Land Holdings Bhd executive director Datuk P. Kasi, Sunway City Bhd managing director Datuk C.K. Wong, Sunrise Bhd chief executive officer Datuk Michael Yam, LBS Bina Group Bhd managing director Datuk Lim Hock San, DTZ Nawawi Tie Leung Sdn Bhd executive director Brian Koh, and AmResearch Sdn Bhd executive director Gan Kim Khoon say these sectors have improved substantially and are on the road to recovery. The industry leaders also deliberated on the new trends in the property industry as well as their expectations for Budget 2005 with assistant news editor ANGIE NG and journalists ELAINE ANG and PANG HONG YEE.