Modest 5% to 6% growth likely in Malaysian retail sector

Pavilion Kuala Lumpur marketing director Kung Suan Ai (second from left) receiving the Gold Award for Best Experiential Marketing from Tourism, Arts and Culture Ministry deputy secretary-general Datuk Haslina Abdul Hamid (second from right). With them are (left) Tourism Malaysia advertising and digital division director Manohararan Periasamy and Malaysia Shopping Malls Association (PPK) advisor and past president Richard Chan (right). The mall won the award for its Dream Garden of Prosperity Chinese New Year celebration and first festive campaign in Visit Pavilion 2018. Organised by PPK, the PPK Malaysia Awards recognises Malaysia

PETALING JAYA: The local retail sector is expected to register a modest growth of between 5% and 6% this year, underpinned by sustained consumer sentiment from improved consumer spending and stability in the market.

Malaysian Association for Shopping and High-Rise Complex Management past president Richard Chan said the local retail sector should grow “more than 5%” this year, buoyed by the three-month tax holiday and the anticipated pick-up in spending towards the year-end.