PETALING JAYA: Capitaland Malaysia Trust
(CLMT) is expecting improvements in its business performance in 2022, as the greater normalisation of economic and social activities will augur well for the general recovery of Malaysia’s retail sector, according to CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) chairman Lui Chong Chee.
“In particular, shopping malls that cater to tourists will receive a boost from the reopening of borders.
“Although we anticipate improvements in business performance in 2022, we are mindful that consumer spending may take some time to recover and return to pre-pandemic levels,” said Lui in a statement.
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