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SUNWAY Malls has granted a 14-day rent-free period to affected non-essential retailers in response to the Movement Control Order (MCO).
PETALING JAYA: Sunway Malls has granted a 14-day rent-free period to affected non-essential retailers in response to the movement control order (MCO).
(Reuters) - Less than four months after a 57-year-old California woman died and was later found to be the country's first COVID-19 fatality, the coronavirus U.S. death toll topped 100,000 people on Wednesday, according to a Reuters tally.
THE Malaysian retail market is gearing up to make the best of 2022, following two straight challenging years as businesses were hit hard by the Covid-19 pandemic.
Online sales may be a saving grace for pandemic-battered retailers with fewer shoppers in their stores. But many retailers, from department store chain Macy's Inc to essential retailer Target Corp, are grappling with higher expenses related to e-commerce.
Immediate financial assistance packages being sought
PETALING JAYA: The Malaysian retail industry is expected to record a 5.5% decline in sales this year, its first contraction in over 20 years, due to business disruptions caused by the Covid-19 pandemic.
KUALA LUMPUR: Most Malaysian REITs are yet to finalise rental plans and assistance for tenants in the retail segment given uncertainty over the duration of the movement control period (MCO) as well as consumer sentiment after shops re-open for business.