Malls facing RM2 billion losses, says association


Noel Achariam

Stacked chairs in a deserted mall food court in Petaling Jaya. – The Malaysian Insight pic by Najjua Zulkefli, March 29, 2020.

SHOPPING malls nationwide expect to incur losses in excess of RM2 billion, taking into account the recovery period and loss of purchasing power, after the movement control order (MCO) is lifted, said the Malaysia Shopping Malls Association.

Its president, Teo Chiang Kok, told The Malaysian Insight said it will take a considerable time for rehabilitation and recovery and for shoppers to return.


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Comments


  • When you made lots of money, you didnt make a sound, but quietly went to the banks. Now you lost because of Covid19, you scream to heavy!

    Posted 3 months ago by Chris Kwan