KUALA LUMPUR: The positive development in the retail sector is an indication of rising disposable incomes and increasing affluence of Malaysians, said Housing and Local Government Minister Datuk Seri Ong Ka Ting.
A report by the Retail Group Malaysia showed that the sector grew at a rate of 7.5% last year compared with the Gross Domestic Product growth of 5.8%, while Malaysia's per capita income was RM11,500 last year compared with RM6,100 in 2001, Ong said.
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