Daily Industry News Update (2 February 2021)


Property market recovery may be delayed until next year — Henry Butcher Malaysia

The most positive scenario for the overall Malaysian property market in 2021 would be a slightly better performance than last year due to the start of the vaccination programme that would help in controlling the Covid-19 pandemic, according to Henry Butcher Real Estate chief

Malaysia’s economy to worsen on muted private consumption — Fitch

Malaysia’s economic outlook is set to worsen this year with gross domestic product (GDP) growth in 2021 dipping to 10%, down from 11.5% projected earlier. Fitch Solutions, the research arm of Fitch Group, cited “muted private consumption”. “Employment and wages

Malls need to strategise amid glut in retail space

Local retailers should strategically plan their presence in the respective target markets and locations in order to capitalise on the right market and consumer groups. KUB Malaysia Bhd chairman Datuk Seri Johari Abdul Ghani said there is a glut in retail space resulting brand

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