KUALA LUMPUR, March 23 — Sunway Malls is offering 14-day rent-free to its non-essential retailers following the enforcement of the movement control order (MCO) from March 18 to 31.
The move is expected to benefit retailers at Sunway Pyramid, Sunway Velocity, Sunway Carnival, Sunway Putra, Sunway Big Box Retail Park, Sunway Giza and Sunway Citrine.
Sunway Malls and Theme Parks chief executive officer HC Chan said Sunway Malls was aware of the tremendous strain on the retailers in terms of revenue and cash-flow due to the mandatory trading cessation of 14 days in the government’s move to halt the spread of the Covid-19.
“The global scale of this outbreak is both unprecedented and uncharted. At times like these, everyone is losing, and each of us has the responsibility to shoulder and share the pain.
“As such, this grant is expected to bring a certain degree of comfort and relief to Sunway Malls’ affected retailers,” he said in a statement today.
Chan said the mall group would also undertake steps to ease credit control for retailers in this difficult period.
He added that Sunway Malls is still monitoring the situation closely and reviewing the developments as it unfolds.
— Bernama
