Malaysians 10th biggest retail spenders in Asia Pacific

  • Nation
  • Friday, 30 Nov 2012

PETALING JAYA: Malaysia was ranked 10th among Asia-Pacific countries in terms of retail spending last year according to Visa's annual global Commercial Consumption Expenditure (CCE) Index.

Malaysia recorded a total of US$404bil (RM1.2tril) in retail spending for 2011, an increase of 24% from 2010.

In a statement, Visa country manager for Malaysia Stuart Tomlinson said: “There was a significant increase in Malaysia's estimated growth in retail spending for last year, with a 20% increase year-on-year, surpassing many other Asia Pacific countries.”

The Index noted Asia-Pacific recorded the largest share of global CCE spend, followed by Europe, the United States, Central/Eastern Europe, the Middle East and Africa, Latin America/Caribbean, and Canada.

The top five Asia Pacific markets in terms of total spend were China (US$12.3 trillion), Japan (US$11.7 trillion), India (US$3.9 trillion), South Korea (US$2.8 trillion) and Australia (US$2 trillion).

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , Visa , Malaysia , Asia Pacific , spending , CCE


Next In Nation

Veteran rocker Nash injured in accident on NSE
Ipoh cops arrest delivery rider, restaurant owner over brawl
Dhaya Maju LTAT fails to gain ownership of KVDT2 project site
Covid-19: Seven new clusters detected, four linked to community outbreaks
Covid-19: All data analysed and verified, says Health DG
Customs seizes more than RM1.8mil worth of booze in Balakong raids
Social security coverage extended to domestic helpers from June, says Saravanan
With only three stalls operating, Melaka CM calls for Jalan Hang Tuah bazaar to close
Movement curbs on Sibu, Kanowit and Selangau in Sarawak from April 22-26
Covid-19: Additional SOPs for five Sarawak divisions as cases surge

Stories You'll Enjoy