Connect with us


7 Well-Known Businesses In Malaysia That Are Shutting Down Due To Covid-19


Collage 18
Source: Malay Mail and Malay Mail

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

The Covid-19 pandemic at this point has shaken many countries’ economy and as a result of this, various industries have suffered losses and had to let go of their employees.

2020 is indeed a tough year and it has proven to be a roller coaster ride for many corporations. To keep you updated on the latest happenings, we’ve compiled a list of businesses that are currently facing shut down due to the pandemic.



Some of us might remember purchasing blouses, t-shirts on Mother’s or Father’s Day at Esprit to give them as gifts for our parents. But, the fashion chain has announced that it will be closing all 56 of its stores in Asia outside mainland China.

According to the Star, the firm told the Hong Kong Exchange on Monday (April 27) that the shops in Singapore, Malaysia, Taiwan, Hong Kong and Macau will be shut possibly by June 30 as it tries to meet the challenges posed by the coronavirus pandemic.

Possible closing date: 30 June 2020


2. G City Club Hotel

G City

G City Club Hotel Sdn Bhd has been in the hotel industry for over a decade and they are now shutting down all of their hotel operations as a result of low occupancy rate in a statement yesterday (29 April).

According to The Star, G City Club Hotel said the decision to cease operations was a direct result of low occupancy suffered in the past few years because of increased competition from new hotels and the proliferation of homestays in the Kuala Lumpur City Centre (KLCC) area.

However, the pushing point eventually was Covid-19, the forecast of 18 months before normalisation of the global economy and the low travel confidence induced by the pandemic that had made the management to review their decision.


3. Blu Inc Media

Blu Inc 3004

Cleo N Jelita Magazine 300420

Our trips to salons will not be complete without browsing through familiar magazines such as Marie Claire and Malaysian Women’s Weekly.

Sadly, Blu Inc Media, the company that produces these magazines and other well known magazines such as CLEO, Shape, Cosmopolitan and Harper’s Bazaar has announced that they have ceased operations due to challenges arising from the digital disruption and Covid-19.

CEO Datuk Azliza Tajuddin in a statement today (30 April) said that due to falling revenues and an uncertain future, the company has been forced to shut down.

Operations ceased on: 30 April 2020 


4. Esquel Group

Esquel Offcie

Esquel Group is a Hong Kong-based textile and garment manufacturer. They have established their presence in Malaysia for over 50 years.

According to New Straits Times, the company, which touts itself as the world’s largest woven shirt-maker, is expected to part ways with over 2,000 of its Malaysian staff in Penang and Kelantan.

“With the pandemic situation worldwide keep worsening, we simply do not have enough upcoming orders to sustain EGM’s continued operations,” said Edward Ho, Esquel Malaysia Sdn Bhd’s general manager, in a letter to all Malaysian employees.

Possible closing date: 12 June 2020



5. Ramada Plaza Melaka


This hotel has 294 rooms and is one of the famous hotels located in Melaka. Ramada Plaza Melaka Hotel or Ramada Plaza by Wyndham (previously known as the Renaissance Melaka) has announced it will cease operating on June 30.

According to New Straits Times, the companies’ directors Yang Pang Chee and Yeo Pang Kheng said in a letter that due to the Covid-19 pandemic since January 2020 and the Movement Control Order since March 18, the hospitality industry has been extremely impacted and they are also affected.

Ramada Plaza has been in operation since 1981 and this year marks 39 years for the hotel.

Last working date: 30 June 2020

Executive Deluxe Thumb


6. Jazz Hotel

Jazz Hotel

Jazz Hotel has only been around for a year in the Penang hotel industry and it will cease operations today (30 April) due to the ongoing Covid-19 pandemic.

According to NST, in a memo titled ‘Closure of Hotel Business’, it said that the management had taken extensive cost management measures since the virus was discovered late last year (2019).

Prior to the pandemic, the hotel has already been suffering losses for months. Ultimately, failure to get investments and Covid-19 has left the management with no other option but to cease operations and retrench its staff.

The Chairman of Malaysian Association of Hotels (MAH) Penang’s Branch, Khoo Boo Lim has confirmed the hotel’s closure.

Last working date: 30 April 2020

Jazz Sign


7. BBDO Malaysia

Bbdo Malaysia

BBDO has closed down its office in Malaysia and cuts staff in Hong Kong as the agency struggles with the economic challenges posed by the Covid-19 pandemic.

According to Campaign Asia, the agency network’s Asia chairman and CEO Jean-Paul Burge said the steps were taken as BBDO prioritises where future demand will be.

“It is clear to us that China is growing in importance both as a market and as a regional hub, whilst Hong Kong and Malaysia are not. We have therefore decided to close our Malaysia office and reduce our Hong Kong presence to a small regional team, and concentrate our creative resources and work from that market into Beijing and Shanghai,” Burge explained.

Prior to closing down, BBDO Malaysia has won many prestigious accolades such as Kancil Awards, AdFest and many more.

Bbdo Malaysia Office

In addition to the human impact, there is also a significant commercial impact being felt globally because of the Covid-19 pandemic. Many are now grappling with unemployment and financial struggles. We truly hope that Malaysia will come out of this stronger and there are better times to come.

Please stay safe and take care.

What do you think of this article? Share your thoughts down below.


Also read: BluInc Malaysia, Publisher of Harper’s Bazaar, CLEO & Others Closes Down, Over 200 Staff Laid Off


Source: Malay Mail
Source: Malay Mail
Source: The Star
Source: The Star
Source: Penang Kini
Source: NST
Source: BBDO Asia

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Bentley Bentley
News48 mins ago

Man In Melaka Burns His Bentley To Collect Insurance Money To Pay ‘Ah Long’ Debts

Two men in Melaka were arrested for burning a total of three cars in attempts to collect insurance money to...

Ismail Sabri Interstate Allowed When 90Pc Vaccinated 1 Ismail Sabri Interstate Allowed When 90Pc Vaccinated 1
News2 hours ago

PM: Interstate Travel Allowed When 90% Of Adult Population Is Fully Vaccinated

It has been more than eight months ever since interstate travel was prohibited and state borders were closed. Many people...

Restaurant 2 Ft Restaurant 2 Ft
News16 hours ago

JUST IN: Restaurants, Convenience Stores & Petrol Stations Allowed To Open Till 12am Starting 23 Sept

In a press statement released today, 22 September, Prime minister Ismail Sabri Yaakob announced that restaurants grocery stores, mini markets,...

Ft Tengku 1 Ft Tengku 1
News17 hours ago

Man Loses Over RM500k After Being Scammed By ‘Tengku’ Royalty

Ever since the start of the Covid-19 pandemic, more people have been taken advantage of through “love scams” in which...

Ft Petrol Ft Petrol
News24 hours ago

Petrol Stations, Convenience Stores And F&B Allowed To Operate Till Midnight

With the recent announcement that more tourist destinations such as Perhentian Island, Genting Highlands and more will be reopening soon,...

80 80
News1 day ago

80% Of The Adult Population In M’sia Has Been Fully Vaccinated One Week Before Target!

The government previously set a target to achieve herd immunity by October 2021, with 80% of the adult population being...

Nano Nano
News2 days ago

KKM: Nano Mist Spray Should Be Used To Disinfect Surfaces Only, NOT Humans

You might have noticed several posts on social media where people have been recommending nano mist sprays for the purpose...

Gunung Jerai Flash Flood Act Of God Gunung Jerai Flash Flood Act Of God
News2 days ago

Takiyuddin: Natural Disaster In Kedah Is An “Act Of God” & Not Due To Logging

Now that the parliament is up and running again, it seems like everything is back to normal with all the...


Latest Videos