Premier retail operator: Weakening ringgit a bigger concern

KOTA KINABALU: For premier retail operator Parkson Corporation Sdn Bhd, the weakening ringgit is a bigger concern compared to the Goods and Services Tax (GST) which is likely to have a minimal impact on cost of goods.

Parkson Corporation chief operating officer Law Boon Eng said their concern was not so much with GST but the ringgit’s performance against major currencies such as the US dollar and renminbi.