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RETAILING in today's economy may be a tough business, what with the intense competition and price war among players. In terms of growth, the retail business seems to have reached saturation point. Nevertheless, this spectre has not put off Tesco Stores (M) Sdn Bhd.
BANKING and retail applications for the smart card market in Malaysia is on an upward trend. According to a recent study by Frost and Sullivan in 2000, banking and retail applications accounted for 2.4% of total smart card shipment by application and this is expected to grow to 6.2% by 2004.
THE Store Corp Bhd expects to open 1 or 2 more outlets this year, most likely in the east coast or the southern region of the peninsula, according to group finance director Chang Yen Huei.
BANK Negara#146;s gross domestic product (GDP) growth rate forecast for the country remains at 4.5% for now but could be #147;weaker#148; due to external uncertainties, while interest rates are currently at #147;appropriate levels#148; said its Assistant Governor Datuk Latifah Merican Chong.