News by Edgeprop.my

Sunway Malls & Theme Parks CEO H C Chan: The physical and digital complement each other. This is the trend we have been seeing even before the virus outbreak, but the Covid-19 and MCO have sped up the entire convergence evolution

Malaysia Shopping Malls Association (PPK) president Tan Sri Teo Chiang Kok: Judging by statistics, [malls] are still not yet overbuilt save for specific areas. On a per capita basis, the volume of retail space is still manageable

Sunway Malls & Theme Parks CEO HC Chan: We need to be innovative and adapt to the new normal in the way we do business. However, I believe the recovery will come slowly but surely.

KIP Group of Companies CEO Valerie Ong said these community-centric neighbourhood malls could rebound quicker than those with luxury offerings post-MCO.

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.

The US president also “appeared to propose irradiating patients' bodies with UV light” to kill the coronavirus in patients.

“It is not the fault of @JKMHQ. That’s why we hold the minister responsible.”

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.

PAM president Lillian Tay: I believe that everyone should share the burden as no one should expect to take ‘benefit’ from the crisis

"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."