What percentage of malls can survive for only three months or less?

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Thirty-two percent of Malaysian malls can sustain operations for three months or less.

A recent survey indicates that 32 percent of shopping malls nationwide are facing severe cash flow challenges and can only sustain their operations for a maximum of three months under the current Movement Control Order (MCO) conditions. This financial strain has led a significant majority of retail companies to implement salary cuts.
Salary Reductions Affecting Retail Staff

Almost 80 percent of companies surveyed have resorted to cutting employee salaries to manage their financial difficulties. The majority of these salary reductions fall within the 10 to 20 percent range, with some also withdrawing annual incentive bonuses and other employee benefits.
Extended Recovery Period Predicted

Looking ahead, 44 percent of malls anticipate that their businesses will require up to a full year to recover once the MCO is lifted. This projection is based on the expectation that consumer behaviour will likely remain cautious, with a continued preference for staying at home.
Shift in Recovery Outlook

This outlook represents a significant shift compared to previous assessments. A survey conducted in July 2020 suggested that more than half of shopping malls believed their businesses would return to normal within six to 12 months. The current findings highlight a more prolonged and challenging recovery phase.

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What percentage of malls can survive for only three months or less?

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