KUALA LUMPUR: Sunway Malls remains cautious about global and domestic headwinds, including unresolved trade tensions, prolonged price volatility and rising costs, which could continue to weigh on business and consumer confidence.
Its group managing director H.C. Chan said cost pressures and intensifying competition from both physical malls and e-commerce platforms would continue to put pressure on margins and profitability across the retail industry.
"While our foundation is strong, we remain fully cognisant of global and local headwinds. The unresolved Straits of Hormuz closure will continue to come at a cost for the rest of the world. Higher and prolonged volatile prices are expected.
"This will continue to weigh on business and consumer confidence," he said on Tuesday.
