Aeon to increase investments despite subdued sentiment

KUALA LUMPUR: Slower retail growth in Malaysia is not a dampener on Aeon Co (M) Bhd, as the giant Japanese retailer is set to increase its investments this year.

Aeon is investing more this year in anticipation of sustained spending by consumers. It plans to invest RM700mil in capital expenditure (capex) in financial year ending Dec 31, 2014 (FY14), which is an increase from RM536mil in FY13.