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PETALING JAYA: The fourth quarter, which is traditionally the strongest quarter for airlines, is expected to bring positive news to carriers after the relatively rough patch in the first half of this year.
PETALING JAYA: Sales are expected to pick up in the local retail sector in the final quarter of the year, partially driven by a boost in spending by consumers looking to avoid the Goods and Services Tax (GST).
PETALING JAYA: Net foreign selling in Malaysian equities intensified in the week ended Sept 19, with the market registering its biggest outflow since March this year, amid concerns over the timing of US interest rate normalisation and Bank Negara’s decision to maintain the country’s overnight policy rate (OPR).
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) reported 6.9 million passenger movements in August for all airports, down 5.2% from a higher base a year ago with the KLIA’s China sector continuing to see a double-digit fall of about 20%.
Festive seasons are a key time for shoppers and retailers, but the response to Hari Raya and Chinese New Year sales this year has been underwhelming compared with previous years.
PETALING JAYA: The local retail sector should receive a mild sales boost in the third quarter of the year due to Hari Raya, according to Malaysian Association for Shopping and Highrise Complex Management past-president Richard Chan.