Economy
The 1980s saw the establishment of the Atria in Damansara Jaya and Subang Parade in Subang Jaya. The Atria provided the opportunity for residents to patronise either the Japanese Kimisawa or the French Printemps department stores, as well as a Burger King restaurant. Both the departmental stores and Burger King did not survive the 1980s economic recession, however Burger King later reopened in the early 2000s. Later as Atria lost anchor tenant Parkson Grand, they attempted to uplift the premises with a cosmetic makeover in October 2010. As of July 2011, Atria and its latest anchor tenant, Giant Supermarket has ceased operations and is currently undergoing demolition to make way for new development.
In 1995, 1 Utama commenced operations at Bandar Utama. Jaya Jusco, a Japanese Department Store which had operated since 1984 at Taman Tun Dr Ismail later relocated as one of the anchor tenants of 1 Utama.
During the 1990s, Bandar Sunway was being developed by the Sunway Group. It was later recognized as a tourism destination with recreations such as Sunway Lagoon, Sunway Pyramid and etc.
Tesco Supermarket commenced operations in Mutiara Damansara in 2003. This was quickly followed by the Ikano Power Centre in 2004 and the Curve in 2005. The Ikano Power Centre (now renamed as IPC Shopping Centre in 2011) houses South East Asia's largest IKEA Swedish furniture store. IKEA had previously operated at the nearby 1 Utama before the period. At about the same time, the 1 Utama new wing had commenced operations. By 2006, these establishments had synergised to make Bandar Utama and adjacent Mutiara Damansara to become very popular shopping destinations in the Klang Valley.
In 2004, Giant Mall commenced operations in Kelana Jaya. This complex houses the Giant Hypermarket and some shops to create a more shopping centre style, hence this is the reason why it is named. It is located and easily accessed off the Damansara-Puchong Expressway. Located nearby is the SStwo Mall which was opened at the end of December 2010.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)