Wednesday, 06 May 2020 06:08 AM MYTPatrons catch a meal at an eatery in the Pavilion shopping mall in Kuala Lumpur on the first day of the conditional movement control order May 4, 2020. ― Picture by Miera ZulyanaMost eateries shuttered.
Up to 80 per cent of retailers said they have already laid out plans or are in the midst of trimming losses, the MRA president said, noting that some have carried out cost-cutting measures since last year.A general view of the Bangsar Village shopping mall on the first day of the conditional movement control order May 4, 2020. — Picture by Choo Choy May
Those lucky enough to keep their jobs saw huge pay cuts of anywhere between 10 and 20 per cent. Most retail workers are low-wage earners — typically between RM1,500 to RM1,900 — which means the cuts biting into their already meagre disposable income. RM14.31 billion alone was spent on operating costs that included rent, head office expenses, insurances, advertising and promotional expenses, and repair and maintenance, business paperThe Perikatan Nasional government, in an effort to alleviate some of these costs, announced several measures under the RM260 billion Prihatin stimulus package.
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