Shopping Malls Struggling

 
private consumption of shoppers dropped to 6.3% in 4th qtr 2016 

from 9% in 1st quarter of 2015

Greater KL has 120 malls, 10 more set to open or launch soon.

recent exits of Bulgogi Brothers, Tim Ho Wan and Tous Les Jours

not necessarily retail industry thriving.

malls in suburban areas dropped rentals by 0.7% year-on-year
rental ground floor RM10,000 to RM20,000 depending on size and location.

Suburban malls 20- 25% less for the same.

many retail centres, malls within Greater KL struggling 

shoppers’ overall sentiment remained weak 

suburban areas daily footfall down 25% especially on weekends.

Household consumption not recovered to prior (GST) 

consumer sentiment 80 points, below desired 100 points

rural and semi-urban areas rising cost of living hit harder 

rate of wage rises and employment much lower 

Premier malls still doing well

Suria KLCC, Pavilion, and Mid Valley performing well 

My comments :  Premier malls doing well because these are mostly patronised by higher income people (who are mostly non Melayus).  Lets thank Allah that some people in the country can still do an honest day's work and earn good incomes. 

Imagine if those people also have problems - then Mid Valley, KLCC Suria and Pavillion would also have to shut down. So let us be thankful that these few malls are still doing very well.

But other than that all the middle to lower middle market type malls are facing difficulties. Quite a few Aeons have shut down. 

Outside the malls,  the regular shops and small businesses are also suffering. Kedai Rakyat 1 Malaysia has shut down. Cake shops have shut down (birthday cakes are luxuries for many people).

The country is grinding down to a halt.  I have been saying this since the GST was implemented in 2015.  And I have been right. Kedai Rakyat 1 Malaysia has shut down. Re-read the Malay Mail story above.

Here is another prediction I want to make - if the kleptocrats win the general elections, that major petrol station operator may face problems in about two years.  

 

More Internal Sabotage? MO1 Made To Look Like A Fool Again

The past few weeks MO1 has been making a real fool of himself again and again. That 'major announcement at 4:45 pm' was a major bungle. 

 

You know it was a bungle because none of the media even bothered to report that just two days after the event, Mike Tyson has been sucked up by aliens ! Just kidding. Meaning he  has become a non issue again.

 

The other major PR bungle was MO1 pledging to Donald Trump  "to invest"  RM100 Billion in the USA (had to revise the figure upwards) in just 5 minutes and 58 seconds! Boy that was stupid.

 

He pledged for MAS to buy Boeing when MAS has just ordered more Airbuses. Maybe he thinks Trump is another village idiot like him.

 

Then he told the Indians that he is the father of  'pembangunan kaum India' or some crap like that. I received the following (its gone viral) written by someone called Shukur Mohamad (dont know if it is a real person or not.)  

The point is it is so easy to make MO1 look so stupid. Obviously either the people around him are stupid dimwits who are making the boss look so stupid OR  the people around him are NOT stupid dimwits who are making the boss look so stupid !!

 

You can read Shukur Mohamad's rebuttal and see how easy it is to debunk MO1. 

 

Here is Shukur:

 

*HOBI NAJIB ADALAH MEMBOHONG*

Dalam majlis MIC di PWTC, di hadapan masyarakat India, Najib buat sekian kalinya MEMBOHONG.

Kali ini Najib berbohong berkenaan GST di NEGARA INDIA dengan mengatakan GST di India adalah sebanyak 28%.

Maka bertepuklah perwakilan masyarakat India di dalam majlis MIC itu sambil mengangguk-anggukkan kepala.

Makcik JR, Pak Naib, Ketua Cawangan UMNO, penjilat pungk_k Najib dua kali laju angguknya dari perwakilan India di dalam majlis MIC itu apabila mendengar PEMBOHONGAN NAJIB itu.

Dah tidak terkira berapa banyak NAJIB BERBOHONG kepada rakyat negara ini.

Buka mulut sahaja, anak Tun Razak itu pasti BERBOHONG.

Kepada PEMBOHONG PALING BESAR DALAM MALAYSIA INI SAYA NAK BAGITAU , GST 28% itu dikenakan untuk PEMBELIAN AIR CONDITION DAN PETI SEJUK.

GST untuk rakyat MARHAEN (DI INDIA)  ADALAH SEBANYAK 5% sahaja.

Manakala bahan-bahan asas keperluan rakyat negara India tidak di kenakan cukai pun.

Dan bagi cukai perkhidmatan pula, INDIA tidak mengenakan cukai atas :

- PELAJARAN

- KESIHATAN

- PERUMAHAN

- HOTEL YANG BERHARGA DI BAWAH INR 1000 ATAU RM 64.

Manakala 5% cukai dikenakan atas :

- Tiket keretapi (selain dari coach tidur)

- Penerbangan kelas ekonomi

- Teksi

- Ruang pengiklanan.

Manakala GST perkhidmatan 28% di kenakan atas :

- Tiket wayang

- Judi dan pertaruhan

- Hotel di atas tarif INR7500 atau RM485.00

Untuk pengetahuan Najib dan makcik JR angka 28% itu untuk golongan menengah ke atas.

Bukan seperti di Malaysia dari golongan OKU, Miskin, Miskin Tegar di pukul rata sama sahaja.

Kenapa ada perbezaan antara GST Malaysia dan India

JAWAPANNYA :

DI MALAYSIA ADA TANGGUNGAN HUTANG YANG DI BUAT OLEH 1MDB YANG MEMAKSA RAKYAT MEMBAYARNYA WALAUPUN MISKIN.

MANAKALA DI INDIA GST DI KUTIP MENGIKUT PERBEZAAN TARAF HIDUP DAN YANG PASTINYA DI INDIA TIADA 1MDB.

Tapi nak buat macam mana Najib sendiri tidak tahu dan tidak pandai mengira kerana 25-9=14.

Walaupun Najib BERBOHONG , PEMBOHONGAN NAJIB itu pasti akan di "back up" oleh Puad Zakarshi , Aziz Kaprawi , Ahmad Maslan , Annuar Musa , Idris Haron , Noh Omar , Azalina Othman , dan makcik-makcik JR serta cybertrooper dan penjilat pungk_k Najib.

Rakyat Malaysia WAJIB MENOLAK KERAJAAN KLEPTOKRASI INI DI DALAM PRU AKAN DATANG.

*SHUKUR MOHAMAD*

 

My comments :  Isnt there anyone inside MO1's team who can fact check his speeches? Just Google 'Modi and GST' and you should be able to get all the info you need about the Indian GST which Shukur Mohamad has assembled above. Apa susah sangat? 

 

Someone or a few people inside his team are seriously tripping him up. Or I am wrong and the guy is indeed just incredibly stupid.

 

Third option : Maybe both are happening.