KUALA LUMPUR: Malaysia’s RM60bil retail industry may grow 8% this year as an expanding economy, rising stocks and a strengthening currency encourage spending, said Retail Group Malaysia.
“Broad-based economic growth, not just specific sectors such as primary commodities, oil and gas, telecommunication, will help to improve the spending power of consumers,” said Tan Hai Hsin, managing director of Retail Group, which conducts quarterly retail surveys for the Malaysian Retailers Association.
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