New products, property to support SMG growth

PETALING JAYA: Star Media Group Bhd (SMG) expects its launch of more media products and move into property development to support growth of the group in 2023.

Group chief executive officer Alex Yeow Wai Siaw said despite overall advertisement expenditure (adex) in Malaysia having shrunk based on first quarter industry statistics, SMG does budget for a better financial year in 2023 backed by its diversification of products and businesses to absorb any slack in adex spend.