GCH Retail which owns Giant already closed 8 stores in 2019 — 2 in Sept
EPF would not reveal number of buildings tenanted to GCH Retail
How did the EPF come to own these properties?
wholly-owned by Dairy Farm
Hartanah Progresif sold to EPF for RM382m
- Giant Plentong in Johor
- Giant TMC Bangsar
- Giant Bandar Kinrara
- Giant Kelana Jaya
Or ask your wife no. 2 when was the last time she bought taugeh online?
That’s the end of that. Here is a little bit of economics. These supermarket closures are already having a serious impact on the economy. Giant Supermarket has shut down 12 stores just in 2019. The parent company GCH Retail has gone from 147 stores to just under 100 stores in just FIVE years. They have been closing about 10 stores a year since 2014.
- if the Prime Minister’s Office closes down, just a few donkeys will lose their jobs. No serious impact on the economy. Insya – Allah the economy might even improve.
- If the JAKIM shuts down, who knows – the banana trees may flourish throughout the country. ‘Ai-ya-shaa- Allah.
1. Creates unemployment
Each Giant store will employ at least 200 staff. The cashier counters alone may require about 20 people or more (per shift). The majority of workers in Giant are Malays. Where will they go now for work? Go to other supermarkets? They are also closing. Online shopping ??
So if 12 Giant Stores have closed in just 2019 that is easily about 3,000 people thrown out of work.
The parent company GCH has closed about 50 stores since 2014. That is about 8,000 people losing their jobs.
But here is something more damaging. The entire supply chain will also suffer.
2. Suppliers go out of business
Imagine each giant sells 200 chickens per day. That is 6000 per month or 72,000 chickens per year. 12 outlets adds up to 864,000 chickens a year. Plus Hari Raya and Chinese New Year sales etc lets round it up to ONE MILLION chickens sold every year.
So what is going to happen to those chicken farms that sold the ONE MILLION chickens to 12 Giant outlets? They will suffer too. They too will cut down on employees.
What about the chicken feed manufacturers who supplied chicken feed to feed the ONE MILLION chickens. They will suffer poor business too. They will also cut down on employees.
What about transport operators, lorry drivers etc who delivered the chicken feed to the farms, delivered the chickens to the 12 Giant stores? They will suffer poor business too. How will they pay their monthly instalments to the banks?
The mechanics who service and repair those lorries and trucks will also suffer poor business.
The whole country will suffer.
So tuan-tuan, between closing down
1. the PM’s Office
2. JAKIM and
3. Giant stores
which one does the most harm to you and your children’s job prospects?
You will never know. Pi lah tanya dia orang. Ok?
Bukan alam khayalan, alam dongeng atau alam karut marut.
Jangan tunjuk perangai macam budak-budak.
Rudyard Kipling dulu merujuk orang Asia sebagai ‘natures children’. Maksudnya sampai usia tua dan hampiri maut pun orang Asia masih budak-budak atau childish.
Mudah teruja dengan perkara-perkara kecil yang tidak relevan atau tidak bermakna.
Mudah naik marah, mudah mengamuk, mudah terbawa-bawa emosi dsbnya.
Natures children – born to be forever childish.
To get excited over little and useless things.
Maka paling mudah di control atau di manipulate oleh seekor kambing pun.
Kita perlu dewasa. We have to grow up.
Kita kena lebih matang. We have to be mature.