The Malaysia Shopping Malls Association hopes that the government will provide urgent relief to the local shopping mall industry. These include measures such as suspension of all statutory contributions such as EPF, SOCSO and EIS, and speedier refunds of overpaid taxes.
PPKM President Tan Sri Teo Chiang Kok told BFM News, they also request for income tax installments to be suspended temporarily.
“Firstly to suspend tax installments until the end of the year for both companies and individuals, this will help the immediate cash flow problem but in view of the expected long recovery period the govt should look to reduce the applicable tax rate for this year, perhaps halving the tax rate would be possible”
The Malaysia Shopping Malls Association hopes for government intervention for the local shopping mall industry, with measures including the waiver of Assessments, Quit Rents and Business License fees. President Tan Sri Teo Chiang Kok told BFM News, Putrajaya should also suspend temporarily, the statutory contributions of employees in the industry.
“To waive the contribution to EPF, Socso, EIS, HRDF for this year. Apart from EPF the other funds are basically insurance funds and to date there are adequate reserves to meet the foreseeable draw times and these funds can withstand the waiver of contributions for this year. The waiver of these contributions would put much needed cash in the pockets of the companies and employees”
The Malaysia Shopping Malls Association urges the government to help preserve the cash flow for businesses and individuals, amid the Movement Control Order period. President Tan Sri Teo Chiang Kok told BFM News, the association hopes this can be addressed during the economic stimulus package which will be announced today.
“I think the most important objective of the govt stimulus package is to enable business to survive so that layoffs are kept to minimum and nobody goes hungry or desperate. For businesses the key immediate need is to have a positive cash flow and a reduction of cost of doing business, for the individual it is important that there is cash for sustainence”
The government has been urged to consider subsidising lost wages, that is a portion of the salaries paid by employers to employees, during the Movement Control Order period. Malaysia Shopping Malls Association President, Tan Sri Teo Chiang Kok told BFM News, Putrajaya should emulate the efforts of the Canadian and UK government, to help the local mall industry.
“The UK and Canadian governments have already announced subsidizing 70-80% of salaries paid by businesses to employees this is to enable businesses to avoid laying off employees and have the full capacity to operate the business”
Teo adds, another measure is to waiver assessment, quit rent and business license fees.
“To keep cost of doing business to the minimum and preserve cash for both the companies and individuals we propose to waive off assessment quit rents all licenses and fees for businesses and antecedent activities associated with business eg restaurant license, halal license, overtime operating hours license, advertising license,premise license signboard license etc”
Malaysia Shopping Malls Association hopes that Putrajaya will take measures to aid the local mall industry, such as double tax deduction of all salaries of employees in the sector. President Tan Sri Teo Chiang Kok told BFM News, this includes allowing any foregone rental, to be written off as allowable expenses.
“The government to provide funds equivalent to half the rental forgone due to rental rebates. This is sharing the burden by all stakeholders landlord tenant and government to ensure businesses can be sustained, survive and provide employment”
The current Restricted Movement Order decrees shopping malls to be partially open from 18-31 March 2020 to provide essential services. For more details, please click here.
10 teams participated in PPKM’s second shopping mall hunt for ‘treasures’, running from the Petaling Jaya starting point at Paradigm Mall, to Quill City Mall in the city centre, then onto The Mines and the final check point at IOI City Mall, Putrajaya. The championship went to Team ‘Flow Rider’ from 1 Utama Shopping Centre, followed by 1st runner up ’Coolie Mines’ from The Mines. Our grateful thanks to all mall sponsors – Paradigm Mall, Quill City Mall, The Mines and of course, IOI City Mall for arranging the prize-giving logistics and gifts in kind.
Click HERE to view the photos gallery.
PPK Malaysia is pleased to take note and congratulate the Malaysian government of taking close cognizance of the current economic scenario, especially on the negative impact that the covid-19 emergency has inflicted on the tourism and related industries including shopping malls.
For more information, please click here.
Safety for all staff, tenants, patrons, visitors and shoppers etc is of primary concern in shopping malls and in view of the current world health emergency, malls have enhanced their on-going efforts to prevent the spread of ncoV locally. Whilst we work with the relevant authorities to alleviate and mitigate the negative effects on the shopping scenario, we look forward to the close cooperation of all members to continue to maintain high standards of cleanliness and hygiene in all malls.
For more details, please click here.
Greetings to all participants ! Thank you for your support and attendance at our recent ENGINEERING SHOPPING MALLS IV seminar and you may now download the speakers’ presentations as below link:
We look forward to meet you again soon during our upcoming events so do check out our website from time to time. Wishing you warm Seasons Greetings and a great start to Year 2020 !
WE’RE BACK TO BANGKOK’S SHOPPING MALLS!
As the world’s most visited city, Bangkok remains the evergreen shopping destination in Asia. Our Study Group of 32 participants visited its vibrant malls from 23-26 September 2019 and had a most fruitful trip, traipsing through 10 shopping malls catering to all types of lifestyles and budget – from trendy and funky malls to the high end, upscale fashion and eclectic malls.
We visited pet-friendly malls where pets had their own club and get their own ‘kiddy-rides’ (!) at Central Festival Eastville to the latest world-class mall with an indoor floating market and river park at IconSiam. Other malls in the visit itinerary included Terminal 21 with its themed washrooms, Siam Paragon, Siam Discovery, Siam Center, Central World, Central Embassy, Emquartier and Emporium. Our grateful thanks to the Bangkok malls who hosted us and gave an insightful briefing on what makes the malls tick ..
Do take a look at our thumbnails of Bangkok Malls here.
With the rapid growth of malls in the region, competition amongst malls is keen and all vie to attract shoppers by offering “experiential shopping” and in recognition of our malls’ efforts, the inaugural CASC-PPKM AWARDS 2019 for BEST EXPERIENTIAL MARKETING was organized in conjunction with CASC Conference 2019. The total of 61 entries were shortlisted to 26 finalists, with 2 winners in each category, as well as Certificates of Honourable Mention awarded to outstanding malls.
CONGRATULATIONS TO ALL WINNERS !
CASC-PPKM AWARDS 2019 – BEST EXPERIENTIAL MARKETING – WINNERS
GOLD – Lee Tung Avenue, Hong Kong: The Spirit of Christmas
SILVER – China Hong Kong City, Lee Tung Avenue, Hong Kong: The Moon Rabbit Lumiere
CERTIFICATE OF HONOURABLE MENTION – Intermark Mall, Kuala Lumpur: En’Chanting’ Raya
GOLD – Jing’an Joy City, Shanghai: Sky Ring x Line Friends Limited Love Paradise
GOLD – Sunway Putra Mall, Kuala Lumpur: IN THE WOODS FOR WONDER
CERTIFICATE OF HONOURABLE MENTION – Queensbay Mall, Penang: Enchanted Realm
GOLD – Pavilion Kuala Lumpur: Disney Celebrate The Magic: Dream Christmas
SILVER – Pavilion Kuala Lumpur: Dream Goals
CERTIFICATE OF HONOURABLE MENTION – Kota Kasablanka, Jakarta: The Longest & Tallest Hot Wheels Tracks
|COUNCIL OF ASIAN SHOPPING CENTERS (CASC) CONFERENCE 2019
JW Marriott Kuala Lumpur, 10 – 12 September 2019
We have successfully concluded CASC Conference 2019, the annual regional conference involving industry experts from the Council of Asian Shopping Centers (CASC). PPK Malaysia hosted the conference this year and convey our thanks to all our speakers, sponsors and for the strong participation by members and other delegates as well as the impressive and eye-opening presentations by our well-experienced and eminent speakers from Malaysia, Indonesia, Hong Kong, China, Taiwan, Korea, Thailand and Singapore.
Our Guest of Honour is YB Tuan Muhammad Bakhtiar b Wan Chik, Deputy Minister of Tourism, Arts and Culture who delivered the keynote paper focusing on shopping tourism and with Visit Malaysia Year 2020, we look forward to more tourist arrivals next year as well as bigger returns in the shopping industry.
With the theme ‘The Now and The Future’ – The Mall Story, the conference covered trends and innovations and included several panel discussions covering Future-proofing Retail, Entertainment and F&B, Online Stories and the Shopping Malls’ Journey of Regeneration.
Please click here for pics and Looking forward to CASC Conference 2020 in China !
STUDY TRIP 2019 TO BANGKOK : Monday 23 September 2019 – Thursday 26 September 2019 (4D/3N)
We are pleased to announce the short haul Study Trip 2019 will be as abovementioned, to BANGKOK, the evergreen shopping destination in Asia. With its vibrant malls catering to all types
of lifestyles and budget, ranging from the trendy and funky malls to the high end, upscale and eclectic fashion malls, shoppers are more than spoilt for choice.
Our Study Trip will visit several of exciting malls such as Terminal 21, Central Festival Eastville, Central Embassy, Siam Paragon, Siam Discovery, Siam Centre, Emporium, Em Quartier, Asiatique, CentralWorld, Gateway Ekamai, ICONSIAM for participants gather the shopping experience in building design and layouts, marketing events, merchandise mix etc.
Kindly note that the entire trip will only be confirmed subject to the required minimum no. of participants and/or flight/hotel availability etc. and on a first-come-first-served basis. We shall keep you posted in due course of further confirmed details concerning the detailed itinerary etc. Kindly also be informed that the organizer reserves the right to revise details of the Study Trip (including departure dates and flight carriers) subject to availability and solely at our discretion.
For more information, please click HERE to download the circular and registration form or contact our secretariat at Tel: 03-7727 6202.