IGB-REIT optimistic about consumer spending

In a filing with Bursa Malaysia, the real estate investment trust (REIT) noted that according to Retail Group Malaysia (RGM), Malaysia’s retail sales are anticipated to achieve a 6.3% growth for 2022

PETALING JAYA: IGB-REIT is optimistic about the promising outlook for consumer spending, as the easing of movement restrictions, re-opening of economic sectors and national borders augur well for the growth prospects of retail sales in 2022.

In a filing with Bursa Malaysia, the real estate investment trust (REIT) noted that according to Retail Group Malaysia (RGM), Malaysia’s retail sales are anticipated to achieve a 6.3% growth for 2022, with 16.5% in the first quarter of 2022 on the back of the Chinese New Year celebrations.