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News by Edgeprop.my

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.

24 April, 2020

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.

24 April, 2020

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."

24 April, 2020

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.”

24 April, 2020

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.

24 April, 2020

Global survey finds improvement in real estate market sentiments

According to the Savills Global Market Sentiment Survey, China held a ‘slightly positive’ sentiment, as the country saw some real estate activity resume after infection rates were brought under control. In the first half of April, the country’s retail and office leasing activities increased moderately. Meanwhile, South Korea and Vietnam, which have seen rapid falls in infection levels, were ‘neutral’.

23 April, 2020
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