PETALING JAYA: Growth of the consumer sector is expected to remain slow this year due to subsidy removals and the implementation of the goods and services tax (GST) come April 1.
On top of that, higher inflation and the price hike of fuel, electricity and cigarette had contributed to the decline in Consumer Sentiment Index and Business Condition Index to below the 100-point threshold to 98 points and 95.9 points, respectively, HLIB Research said in a report.
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