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PETALING JAYA: Malaysia's retail industry recorded sales growth of 8.5% in the fourth quarter of last year, higher than the earlier estimate of 6% by Retail Group Malaysia but lower than retailers' forecast of 12.7%.
PETALING JAYA: The Government's proposal to revive plans for the Bukit Bintang area to be developed along the lines of Singapore's famous shopping haven Orchard Road to boost tourism and increase shopping expenditure, has received positive response from retail associations and real estate consultants.
PETALING JAYA: Traditionally, the retail sector has not received very much focus in previous budgets except for incentives to promote brands and removal of duties on luxury goods.