Mall operators remain cautious

Malaysia Shopping Malls Association president Phang Sau Lian.

DESPITE a steady first half-year, retail players remain cautious about the industry’s outlook for the remainder of the year, amid the rising cost of living that could dampen consumer spending.

Malaysia Shopping Malls Association president Phang Sau Lian says the group remains cautiously optimistic about the outlook of the local market for the remainder of 2024, amid various global and domestic challenges.