UOB Malaysia survey shows Malaysians to spend 9% more this CNY

UOB Malaysia economist Julia Goh said the market has responded relatively well to Malaysia

KUALA LUMPUR: Malaysians are willing to fork out 9% more to usher in the Year of the Cockrel based on the annual United Overseas Bank (Malaysia) Bhd Chinese New Year (CNY) survey.

It said on Friday that of their average budget of RM4,201 for the CNY festivities, (which is an increase from RM3,846 in 2016, the respondents said they would set aside RM1,008 to food, an increase of 14% over 2016.

Start your ads-free experience now!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

CelcomDigi ready to complete share subscription agreement with MoF Inc and DNB
Press Metal unit to acquire Hong Kong firm stake via share swap
U Mobile ready to build second 5G network upon completion of SSA process with DNB
FSBM Holdings out of PN17
Ringgit retreats to end marginally lower against US$
WCT unit bags expressway lane expansion contract worth RM249.74mil
Fire incident at Hextar Healthcare's Bercham factory
SIDC launches new certification programme in sustainable responsible investment
Hengyuan announces unplanned shutdown of LRCCU unit
Exim Bank, ICBC Malaysia ink MoU to jointly promote use of Chinese yuan

Others Also Read